15.12.2015 10:20:00
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Jarden Corporation -- Moody's places Jarden's ratings under review for upgrade on Newell acquisition announcement
New York, December 15, 2015 -- Moody's Investors Service placed the Ba3 Corporate Family Rating and Ba3-PD Probability of Default rating of Jarden Corporation ("Jarden") under review for upgrade following an announcement that the company has signed a definitive agreement to be acquired by Newell Rubbermaid ("Newell" - Baa3 stable). Moody's also placed Jarden's instrument ratings, including its Ba1 senior secured ratings, its Ba3 senior unsecured ratings, and its B1 senior subordinated ratings under review for upgrade.