• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Illinois Tool Works Inc.'s Proposed Unsecured Notes Assigned 'A+' Rating Aug 11 Product Image

Illinois Tool Works Inc.'s Proposed Unsecured Notes Assigned 'A+' Rating Aug 11

  • Published: August 2011
  • Standard & Poors

FEATURED COMPANIES

  • Illinois Tool Works Inc.
  • MORE

Abstract
NEW YORK (Standard & Poor's) Aug.24, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A+' issue-level rating to Illinois Tool Works Inc.'s (ITW, A+/Stable/A-1) proposed $1.0 billion senior unsecured notes offering with 10 and 30 years maturities. ITW expects to use the proceeds to repay a portion of outstanding commercial paper borrowings. The 'A+' ratings on U.S.-based industrial manufacturer ITW reflect the company's strong business profile as a globally diversified industrial manufacturer, its track record of solid free cash flow generation, and its modest financial profile. The company's end-market cyclicality and its long-standing acquisitiveness partially temper these factors. The outlook on ITW's corporate credit rating is stable. At the end of the second quarter, ITW's credit...

Companies mentioned in this report are: Illinois Tool Works Inc.
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

Illinois Tool Works Inc.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS