Moody's Investors Service said it.......>

US PIPELINE: Moody's Investors Service said it "assigned a Baa1 rating to

Corning Inc. new $500 million of unsecured notes due 2057. Proceeds of the

offering will be used to refinance the $250 million notes due November 2017 and

for general corporate purposes, which may include equity repurchases and payment

of dividends under its 2015 capital allocation plan. The issuance does not

impact the other ratings, including the Baa1 senior unsecured or P-2 short-term

ratings. The ratings outlook is stable."

- The "additional $250 million of debt, which brings total adjusted debt to

approximately $6 billion, is within Moody's expectations as part of Corning's

capital allocation plan, although at an accelerated pace", said David Berge,

Moody's lead analyst for the company. "Debt to EBITDA increases to approximately

2.0 times, which was not expected until 2018, but is nonetheless close to the

company's long-term leverage target."