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Moody's assigns P-2 short-term rating to Northrop Grumman's new commercial paper program

Moody's Investors Service ("Moody's") assigned a P-2 short term rating to Northrop Grumman Corporation. Moody's expects the company to soon initiate a commercial paper program, which will be authorized for issuance up to $750 million at any given time. The Baa2 senior unsecured rating assign...
Underlying
Northrop Grumman Corp.

Northrop Grumman is a global security company. The company has three segments: Aerospace Systems, which designs, develops, integrates and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Mission Systems, which provides in advanced end-to-end mission solutions and multifunction systems for Department of Defense (DoD), intelligence community, international, federal-civil and commercial customers; and Technology Services, which provides logistic solutions supporting the life cycle of platforms and systems and delivers solutions and services for DoD, global defense and federal-civil customers.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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