...February 4, 2025 CHICAGO (S&P Global Ratings) Feb. 4, 2025--S&P Global Ratings said today that it assigned its '###' rating to Richmond, Va.-based Altria Group Inc.'s proposed senior unsecured notes (final amounts and maturities to be determined), which will be drawn from its shelf registration statement filed Oct. 26, 2023. We expect Altria will use the net proceeds from the issuance for general corporate purposes, including potentially repaying its $750 million 2.350% notes due May 2025 and euro 750 million 1.700% notes due June 2025. The notes will be senior unsecured obligations of Altria and will rank equally with all of its existing and future senior unsecured indebtedness. Altria's primary operating subsidiary, Philip Morris USA Inc. (PMUSA), which accounts for the majority of the group's profitability, will guarantee the proposed notes on a senior unsecured basis. The guarantee will rank equally with all of PMUSA's existing and future senior unsecured indebtedness and guarantees...
