NEW YORK (S&P Global Ratings) Oct. 13, 2016--S&P Global Ratings said today it assigned its 'A-' issue-level rating to St. Paul, Minn.-based Ecolab Inc.'s proposed $1 billion senior unsecured notes, with one tranche due in 2026 and the other due in 2046. The company plans to use proceeds to refinance its existing $1.25 billion senior notes due December 2016. The ratings on Ecolab, including the 'A-' corporate credit rating, are unchanged. The outlook is stable. RELATED CRITERIA AND RESEARCH Related criteria Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 Criteria - Corporates - Industrials: Key Credit Factors For The Specialty Chemicals Industry, Dec. 31, 2013 General Criteria: Methodology: Industry Risk, Nov.
