3M Co.'s Proposed $2 Billion Medium-Term Notes Rated 'AA-' - S&P Global Ratings’ Credit Research

3M Co.'s Proposed $2 Billion Medium-Term Notes Rated 'AA-'

3M Co.'s Proposed $2 Billion Medium-Term Notes Rated 'AA-' - S&P Global Ratings’ Credit Research
3M Co.'s Proposed $2 Billion Medium-Term Notes Rated 'AA-'
Published Feb 12, 2019
3 pages (1153 words) — Published Feb 12, 2019
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Feb. 12, 2019--S&P Global Ratings today assigned its 'AA-' issue-level rating to 3M Co.'s proposed $2 billion (in aggregate) medium-term notes, which the company will issue in various tranches. 3M will use the proceeds from these notes for general corporate purposes, which could include the payment of its $625 million medium-term notes due June 2019 and borrowings under its commercial paper program. All of our other ratings on 3M remain unchanged. RELATED CRITERIA Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 Criteria Corporates General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers,

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Feb. 12, 2019--S&P Global Ratings today assigned its '##-' issue-level rating to 3M Co.'s proposed $2 billion (in aggregate) medium-term notes, which the company will issue in various tranches. 3M will use the proceeds from these notes for general corporate purposes, which could include the payment of its $625 million medium-term notes due June 2019 and borrowings under its commercial paper program. All of our other ratings on 3M remain unchanged. RELATED CRITERIA + Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + Criteria | Corporates | General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 + General Criteria: Group Rating Methodology, Nov. 19, 2013 + Criteria | Corporates | General: Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 + Criteria | Corporates...

  
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 Billion Medium-Term Notes Rated 'AA-'" Feb 12, 2019. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-s-Proposed-2-Billion-Medium-Term-Notes-Rated-AA-2165578>
  
APA:
S&P Global Ratings’ Credit Research. (). 3M Co.'s Proposed $2 Billion Medium-Term Notes Rated 'AA-' Feb 12, 2019. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/3M-Co-s-Proposed-2-Billion-Medium-Term-Notes-Rated-AA-2165578>
  
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