- Language: English
- 69 Pages
- Published: July 2012
- Region: North America
Procter & Gamble's $2B Senior Unsecured Notes Assigned 'AA-' Ratings; Preliminary 'AA-' Assigned To Shelf Registration Feb 12
- Published: February 2012
- Standard & Poors
NEW YORK (Standard & Poor's) Feb. 2, 2012--Standard & Poor's Ratings Services said today that it assigned its 'AA-' senior unsecured debt rating to Cincinnati, Ohio-based Procter & Gamble Co.'s (P&G; AA-/Stable/A-1+) $1 billion 2.3% senior unsecured notes due February 2022 and $1 billion floating rate senior unsecured notes due February 2014. We also assigned our preliminary 'AA-' senior unsecured debt rating to the company's Rule 415 WKSI shelf registration statement filed Nov. 4, 2011, under which these notes were issued. Concurrently, we withdrew the preliminary 'AA-' senior unsecured debt ratings on the company's previous registration statements, which have expired. We expect the company to use net proceeds from the debt issues for general corporate purposes, including the repayment of...
Companies mentioned in this report are: Procter & Gamble Co.
Action: New Rating
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Research type: News
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Procter & Gamble Co.