3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating

3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating
Published Sep 08, 2011
1204 words — Published Sep 08, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Sept. 8, 2011—Standard&Poor's Ratings Services said today that it assigned its preliminary 'AA-' rating to St. Paul-based diversified manufacturer, technology innovator, and marketer of diverse products 3M Co.'s universal shelf. The company has filed the shelf to sell senior debt securities. In addition, it has filed under Rule 424(b)(2) a $3 billion medium-term note (MTN) series F program, which the company expects to use over the next two to three years to fund upcoming maturities and other financing needs. We also assigned our 'AA-' rating to the MTN program. The rating on 3M is based on its leading market positions, good product diversity, strong financial profile, and commitment to accelerating growth from the

  
Brief Excerpt:

RESEARCH 3M Co. Universal Shelf Assigned Preliminary '##-' Rating; $3B Medium-Term Notes Assigned '##-' Rating Publication date: 08-Sep-2011 Primary Credit Analyst: Jacob L Schlanger, New York (1) 212-438-7238; jacob_schlanger@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
MMM
Issuer
3M Co.
GICS
Industrial Conglomerates (20105010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

Summary: 3M Co. – 2011/11/02 – US$ 225.00

3M Co. – 2012/03/30 – US$ 500.00

Summary: 3M Co. – 2012/03/30 – US$ 225.00

Summary: 3M Co. – 2012/09/27 – US$ 225.00

Summary: 3M Co. – 2011/03/04 – US$ 225.00

3M Co. – 2011/03/03 – US$ 500.00

Summary: 3M Co. – 2011/01/25 – US$ 225.00

Summary: 3M Co. – 2010/11/08 – US$ 225.00

Summary: 3M Co. – 2010/08/05 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating" Sep 08, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-Universal-Shelf-Assigned-Preliminary-AA-Rating-3B-Medium-Term-Notes-Assigned-AA-Rating-889681>
  
APA:
S&P Global Ratings’ Credit Research. (). 3M Co. Universal Shelf Assigned Preliminary 'AA-' Rating; $3B Medium-Term Notes Assigned 'AA-' Rating Sep 08, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-Universal-Shelf-Assigned-Preliminary-AA-Rating-3B-Medium-Term-Notes-Assigned-AA-Rating-889681>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.