Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+' - S&P Global Ratings’ Credit Research

Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+'

Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+' - S&P Global Ratings’ Credit Research
Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+'
Published Jan 11, 2016
Published Jan 11, 2016
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Abstract:

NEW YORK (Standard&Poor's) Jan. 11, 2016--Standard&Poor's Ratings Services said today it assigned its 'BBB+' issue-level rating to St. Paul, Minn.-based Ecolab Inc.'s proposed $600 million senior unsecured notes, with one tranche due in 2019 and the other due in 2023. The company plans to use proceeds to refinance existing debt and for general corporate purposes. The ratings on Ecolab, including the 'BBB+' corporate credit rating, are unchanged. The outlook is positive. The rating reflects our assessment of the business risk profile as strong and financial risk profile as significant, resulting in an anchor rating of 'bbb'. Our 'BBB+' corporate credit rating reflects a one-notch uplift from the anchor due to our positive comparable rating analysis. We

  
Report Type:

Ratings Action

Ticker
ECL
Issuer
Ecolab Inc.
GICS
Specialty Chemicals (15101050)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+'" Jan 11, 2016. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ecolab-Inc-s-Proposed-600-Million-Senior-Unsecured-Notes-Are-Rated-BBB-1560078>
  
APA:
S&P Global Ratings’ Credit Research. (). Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Are Rated 'BBB+' Jan 11, 2016. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ecolab-Inc-s-Proposed-600-Million-Senior-Unsecured-Notes-Are-Rated-BBB-1560078>
  
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