NEW YORK (Standard&Poor's) May 13, 2015--Standard&Poor's Ratings Services today assigned its 'AA-' issue-level rating to 3M Co.'s proposed Euro-denominated medium-term notes to be issued in three tranches: floating-rate notes due 2020, fixed-rate notes due 2023, and fixed-rate notes due 2030. The company will use proceeds for general corporate purposes, including repayment of commercial paper. Our 'AA-' corporate credit rating, 'A-1+' short-term rating, and stable outlook on 3M Co., as well as ratings on its existing debt, all remain unchanged by the proposed transaction. Our ratings on 3M reflect its "strong" business risk profile and "minimal" financial risk profile which results in an anchor score of 'aa-'. 3M has five operating segments aimed at different markets, which
