NEW YORK (S&P Global Ratings) Jan. 19, 2021--S&P Global Ratings today assigned its 'BB+' issue-level rating to Commercial Metals Co.'s proposed 10-year, $300 million senior unsecured notes. The rating is based on preliminary terms and conditions. The company will use the proceeds from this offering, in addition to cash on hand, to address its $350 million senior unsecured notes that mature in 2026. We expect the transaction to extend the company's debt maturity profile. All of our other ratings on the company are unchanged. For the full issuer credit rating rationale, please see our most recent full analysis on Commercial Metals Co., published Feb. 10, 2020, on RatingsDirect. General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017
