Moody's Ratings assigns Baa2 ratings to Vulcan Materials Company's proposed notes
Moody's Ratings (Moody's) assigned a Baa2 senior unsecured ratings to Vulcan Materials Company's (Vulcan) proposed senior unsecured notes due 2029, senior unsecured notes due 2034 and senior unsecured notes due 2054, all of which will rank pari passu to the company's existing senior unsecured notes....Vulcan Materials is a supplier of construction aggregates and a producer of asphalt mix and ready-mixed concrete. The company has four segments: Aggregates, which produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services; Asphalt, which produces and sells asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee and Texas, and includes asphalt construction paving in Alabama, Tennessee and Texas; Concrete, which produces and sells ready-mixed concrete; and Calcium, which consists of a Florida facility that mines, produces and sells calcium products.
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