NEW YORK (Standard&Poor's) Sept. 8, 2010—Standard&Poor's Ratings Services said today it assigned its 'A' senior unsecured rating to Palo Alto, Calif.-based Hewlett-Packard Co.'s (HP) senior unsecured notes issued in three tranches due 2012, 2013, and 2015. "The rating on HP," said Standard&Poor's credit analyst Lucy Patricola, "reflects our expectation that the company's strong market positions and its base of recurring revenues characteristic of printer supplies and business services will continue to support its financial strength and flexibility." We expect the company to maintain its "minimal" financial risk profile as it pursues growth objectives and shareholder returns. The rating incorporates an expectation that HP will generally operate at debt to EBITDA of about 1x, with
