TEXT-Moody's assigns Ingersoll-Rand notes Baa1 rating


(The following statement was released by the rating agency) March 31 - Moody's Investors Service assigned a Baa1 rating to Ingersoll-Rand Global Holding Company Limited's (IR Global) $300 million of exchangeable senior notes due 2012 and its proposed senior note offering. Both note issuances are fully and unconditionally guaranteed by IR Global's parent Ingersoll-Rand Company Limited (Ingersoll). The rating Outlook is Negative. Proceeds from the notes will help to refund a bridge loan ...

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