Moody's Assigns 'Ba2' CFR to Plantronics (PLT), Outlook Stable

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S&P Assigns 'BB' Corp. Rating to Plantronics (PLT); Business Risk Profile Deemed 'Fair'

May 18, 2015 11:56 AM EDT

Standard & Poor's Ratings Services today said it assigned a 'BB' corporate credit rating to Plantronics (NYSE: PLT). The outlook is stable.

At the same time, we assigned our 'BB' issue-level rating and '3' recovery rating to the company's $500 million senior unsecured notes due 2023. The '3' recovery rating indicates our expectation of meaningful (50% to 70%; upper half... More