TORONTO (Standard&Poor's) Oct. 1, 2007--Standard&Poor's Ratings Services today said it assigned its 'BBB+' debt rating to Toronto-based Canadian Tire Corp. Ltd.'s proposed C$300 million 5.22% MTNs (unsecured) due Oct. 1, 2010. At the same time, we affirmed all other ratings, including the 'BBB+' long-term corporate credit rating, on the company. The proceeds of the new notes will be used largely to finance the development of real estate projects. The outlook is stable. "The ratings on Canadian Tire reflect the company's leading position as the country's largest hard goods retailer, specializing in the home, leisure, and automotive categories," said Standard&Poor's credit analyst Maude Tremblay. "The ratings are further supported by the company's resilient earnings and
