08.08.2014 17:52:00
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J.M. Smucker Company (The) -- Moody's Assigns Prime-2 Short Term Rating to Smucker for its New Commercial Paper Program
New York, August 08, 2014 -- Moody's Investors Service (Moody's) today assigned a Prime-2 short term rating to The J.M. Smucker Company's (Smucker) new $1 billion commercial paper program. Smucker's A3 senior unsecured long term rating was affirmed. The commercial paper will rank equally with the company's existing senior unsecured indebtedness. Proceeds from CP issuance will be used for general corporate purposes.