McDonald's Corp.'s Proposed Senior Unsecured Notes Rated 'BBB+'
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NEW YORK (S&P Global Ratings) Aug. 13, 2018—S&P Global Ratings today assigned
its 'BBB+' issue-level rating to Chicago-based quick-service restaurant
operator McDonald's Corp.'s proposed senior unsecured medium-term notes
maturing in 2048, which along with the company's 2023 and 2028 notes are
expected to total $1.8 billion. We understand McDonald's will use the proceeds
for general corporate purposes, including addressing upcoming maturities and
commercial paper balances. The new notes will rank equally with the company's
other senior unsecured debt and be drawn from the existing U.S. medium-term
notes program.