Rating Action:
Moody's assigns B1 to Mattel's $600 million bonds; outlook stable
18 Nov 2019
New York, November 18, 2019 -- Moody's Investors Service ("Moody's") Moody's Investors Service ("Moody's") assigned a B1 rating to Mattel, Inc's ("Mattel") new $600 million bonds due 2027. The outlook is stable. Other ratings were unchanged. Proceeds will be used for general corporate purposes including prefunding of debt maturities.
The following rating was assigned:
Guaranteed notes due 2027 at B1 (LGD4)
The following ratings are unchanged:
Guaranteed senior unsecured notes, unchanged at B1 (LGD4 from LGD3)
Senior unsecured notes, unchanged at B3 (LGD6 from LGD5)