3M Rtgs Afrmd After Announced Divestiture, says S&P - S&P Global Ratings’ Credit Research

3M Rtgs Afrmd After Announced Divestiture, says S&P

3M Rtgs Afrmd After Announced Divestiture, says S&P - S&P Global Ratings’ Credit Research
3M Rtgs Afrmd After Announced Divestiture, says S&P
Published Nov 14, 1995
Published Nov 14, 1995
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 11/14/95 -- Standard&Poor's affirms its triple-`A' senior unsecured and `A-1'-plus commercial paper ratings on Minnesota Mining&Manufacturing Co. (3M) following the company's announcement that it plans to divest its data storage and imaging businesses and discontinue its audio and video tape operations during 1996. The corporate credit rating is triple-`A'. About $400 million of rated is outstanding. Ratings continue to reflect the company's leading market positions, good product diversity, and an extremely strong and stable financial profile. The storage and imaging business, with sales over $2 billion, is the leading worldwide supplier of diskettes, data cartridges, and optical disks. The unit will be spun off to shareholders. Price pressures on the

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Industrial Conglomerates (20105010)
Sector
Global Issuers , Structured Finance
Country
Region
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Summary: Minnesota Mining&Manufacturing Co. – 2001/04/05 – US$ 225.00

Summary: Minnesota Mining&Manufacturing Co. – 2001/09/10 – US$ 225.00

Minnesota Mining&Manufacturing Co. – 2001/10/16 – US$ 500.00

Summary: Minnesota Mining&Manufacturing Co. – 2001/10/24 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "3M Rtgs Afrmd After Announced Divestiture, says S&P" Nov 14, 1995. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/3M-Rtgs-Afrmd-After-Announced-Divestiture-says-S-P-75911>
  
APA:
S&P Global Ratings’ Credit Research. (). 3M Rtgs Afrmd After Announced Divestiture, says S&P Nov 14, 1995. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/3M-Rtgs-Afrmd-After-Announced-Divestiture-says-S-P-75911>
  
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