...NEW YORK (S&P Global Ratings) Aug. 13, 2018--S&P Global Ratings today assigned its '###+' issue-level rating to Chicago-based quick-service restaurant operator McDonald's Corp.'s proposed senior unsecured medium-term notes maturing in 2048, which along with the company's 2023 and 2028 notes are expected to total $1.8 billion. We understand McDonald's will use the proceeds for general corporate purposes, including addressing upcoming maturities and commercial paper balances. The new notes will rank equally with the company's other senior unsecured debt and be drawn from the existing U.S. medium-term notes program. The company's results for the quarter ended June 30, 2018 were in line with our expectations, with global comparable sales increasing 4% and roughly flat S&P-adjusted EBITDA. This resulted in leverage remaining in the mid-3x range, which remains our expectation for full-year 2018. We project McDonald will continue executing against its operational plans to renovate a portion of...
