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McDonald's Corp. Renminbi 200 Million Senior Unsecured Notes Rated 'A'; 'A' Corporate Credit Rating Affirmed Oct 10
Standard & Poors, October 2010
Global quick-service restaurant McDonald's issued Chinese renminbi (RMB) 200 million of senior unsecured notes due 2013. The size of the note issuance does not have a material affect on the company's credit protection measures. The issuance, in our view, demonstrates the company's strong access to the global debt capital markets. We are assigning an 'A' issue-level rating to the senior unsecured notes. We are also affirming all ratings, including our 'A' corporate credit rating, as performance and credit metrics remain in line with our expectations. The outlook is stable reflects our expectation that McDonald's will continue to generate solid earnings growth and that credit metrics will largely be unchanged from current and recent levels. NEW YORK (Standard & Poor's) Oct....
Companies mentioned in this report are: McDonald's Corp.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.