NEW YORK (Standard&Poor's) Feb. 12, 2007--Standard&Poor's Ratings Services said today that there would be no immediate impact on Home Depot Inc.'s (A+/Stable/A-1) ratings, including the 'A+' corporate credit rating, following the company's announcement that its board of directors has decided to evaluate strategic alternatives for its HD Supply business, including a possible sale, spin, or IPO of the business. Home Depot has retained Lehman Brothers Inc. to assist in evaluating their options. No decision has been reached and so the amount and use of potential proceeds has also not yet been determined. While a successful transaction would be a reversal in the company's strategy, even if all proceeds were used for shareholder enhancement initiatives, pro forma
