 Moodys Investors Service, Moodys assigned a Ba3 rating to Carpenter Technology Corporations Carpenter new senior unsecured notes. Proceeds from the new note issue will be used to refinance the 5.2 senior unsecured notes due in July 2021 and for general corporate purposes. As there is no secured debt in the companys capital structure the unsecured notes are rated at the same level as the Ba3 Corporate Family Rating CFR. 