Komatsu's syndicated loan gets A3 rating from Moody's

Moody''s assigns, for the first time, a syndicated bank loan rating for a Japanese borrower in anticipation of an upsurge in syndicated loan activity in the Japanese market.

Moody's Investors Service has assigned its first senior unsecured bank loan rating of A3 to a $450 million multi-borrower, multi-tranche syndicated loan facility for Japanese construction and mining equipment giant, Komatsu. Co-arrangers, Citibank and Sumitomo Bank, closed syndication on Wednesday, but no details as to a final list of participants or the pricing of the deal, are available yet. Citibank was the bookrunner.

Moody's expect that the rating will be the first of many...

To continue reading, please login or register for free

Click for more on: komatsus | syndicated | loan | gets | a3 | rating | moodys

Print Edition

FinanceAsia Print Edition