Fitch Rates Mattel's $300MM Senior Unsecured Notes 'BBB'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings has assigned a 'BBB' rating to Mattel, Inc.'s two senior unsecured note issuances totaling $300 million, which encompass the following: -- $100 million floating-rate note based on 3 month LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). plus 40 basis points; -- $200 million, 6.125% 5 year note due June 2011. Proceeds from this issuance will be used to refinance short and medium term debt maturities. The Rating Outlook is Stable. Fitch currently rates Mattel as follows: -- Issuer Default Rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) 'BBB'; -- Senior unsecured notes 'BBB'; -- Bank revolving credit facility 'BBB'; -- Term Loan 'BBB'. Fitch downgraded Mattel's IDR to 'BBB' with a Stable outlook on May 18, 2006. For further information, see the press release ('Fitch Ratings Downgrades Mattel to 'BBB'; Outlook Stable') available on the Fitch Ratings web site at 'www.fitchratings.com'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, 'www.fitchratings.com'. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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