TJX Companies, Inc. (The) -- Moody's assigns A2 rating to TJX Companies, Inc. proposed note offering

New York, September 07, 2016 -- Moody's Investors Service, ("Moody's") today assigned an A2 rating to The TJX Companies, Inc. ("TJX") proposed offering of $750 million notes due in 2026. The net proceeds from the offering are expected to be used to redeem TJX's 6.95% Notes due April 2019 and for working capital and other general corporate purposes. The net proceeds may be invested temporarily until they are used for their stated purpose. The rating outlook is stable. The proposed transaction will lengthen TJX's debt maturity profile and the increase in debt has a negligible impact on the company's credit metrics which are strong for its current rating.

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