15.01.2015 16:37:00

Valspar Corporation (The) -- Moody's assigns Baa2 ratings to Valspar's new 10 and 30 year senior notes

New York, January 15, 2015 -- Moody's Investors Service assigned Baa2 ratings to The Valspar Corporation's ("Valspar") proposed $250 million ten year senior notes and $250 million thirty year senior notes. The proceeds from the notes will be used to repay outstanding commercial paper borrowings, refinance a $150 million bond issue that matures August 1, 2015 and for general corporate purposes. The rating outlook is stable.

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