NEW YORK (Standard&Poor's) June 21, 2012--Standard&Poor's Ratings Services said today that it assigned St Paul, Minn.-based 3M Co.'s $1.25 billion senior unsecured five- and 10-year notes its 'AA-' rating. The company intends to use the issue proceeds for general corporate purposes, which could include the repayment of $500 million of notes due in December 2012 and $850 million of notes due August 2013. The 'AA-' corporate credit rating on 3M is not affected by the new notes issue. Our ratings on the company reflect its "excellent" business risk profile characterized by its leading market positions and good product diversity, as well as its "modest" financial risk profile. With 2011 sales of $29.6 billion; more than 60,000
