Moody's assigns a Baa2 rating to CBS Corporation's new bond offering

New York, July 06, 2016 -- Moody's Investors Service assigned a Baa2 rating to CBS Corporation's ("CBS") proposed senior unsecured notes offering of benchmark size. The new notes will mature in 2027 and will be senior unsecured obligations of CBS and will rank equally with all of CBS's other unsecured and unsubordinated obligations. The notes will be guaranteed by CBS Operations Inc., a wholly owned subsidiary of CBS. Proceeds from the new notes issuance will be used for general corporate purposes, including share repurchases and repayment of short-term borrowings.

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