3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-' - S&P Global Ratings’ Credit Research

3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-'

3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-' - S&P Global Ratings’ Credit Research
3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-'
Published Sep 11, 2018
3 pages (1186 words) — Published Sep 11, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Sept. 11, 2018--S&P Global Ratings today assigned its 'AA-' issue-level rating to 3M Co.'s proposed $2.25 billion (in aggregate) medium-term notes, which the company will issue in various tranches. 3M will use the proceeds from these notes to fund the upcoming maturity of its €500 million medium-term notes due November 2018 and for general corporate purposes, which could include repaying the borrowings under its commercial paper program. All of our other ratings on the company remain unchanged. For our complete issuer credit rating rationale, please see our most recent full analysis on 3M Co., published June 29, 2018, on RatingsDirect. RELATED CRITERIA ARCHIVE - Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-'" Sep 11, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-s-Proposed-2-25-Billion-Medium-Term-Notes-Rated-AA-2098019>
  
APA:
S&P Global Ratings’ Credit Research. (). 3M Co.'s Proposed $2.25 Billion Medium-Term Notes Rated 'AA-' Sep 11, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-s-Proposed-2-25-Billion-Medium-Term-Notes-Rated-AA-2098019>
  
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