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  • Moody's

    Northrop Grumman Corporation -- Moody's assigns Baa2 rating to Northrop Grumman's new senior unsecured notes

    The company will use the proceeds for general corporate purposes, which may include debt repayment and for working capital. The new notes will not be guaranteed by any subsidiary and do not affect the existing Baa2 and Baa1 senior unsecured debt ratings assigned to Northrop Grumman Corporation, the Baa1 senior unsecured debt ratings assigned to its subsidiaries Northrop Grumman Systems Corporation and Northrop Grumman Space & Mission Systems Corporation, the P-2 short-term rating or the stable outlook on the family. Moody's considers the rating of the Northrop Grumman group of companies to be Baa1, equivalent to the rating assigned to subsidiary Northrop Grumman Systems Corporation ("Systems") debt.