New York, November 09, 2015 -- Moody's Investors Service assigned a B2 rating to the $200 million add-on to Teekay Corporation's ("Teekay") existing 8.5% senior unsecured notes due 15 January 2020 (8.5% Notes). Teekay will use the proceeds to pay some revolver outstandings with the remainder going to cash. The Corporate Family rating of Teekay is B1. The rating outlook is stable.

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