NEW YORK (Standard&Poor's) June 19, 2007--Standard&Poor's Ratings Services said today it placed the ratings on Home Depot Inc., including the 'A+' long-term and 'A-1' short-term credit rating, on CreditWatch with negative implications. This action follows Home Depot's board of directors' authorization of a $22.5 billion increase in its share repurchase program, which will be financed with net proceeds from the sale of HD Supply and the issuance of around $12 billion of senior unsecured notes. Shares may be repurchased via a tender offer, open market repurchase, or accelerated share repurchase; additional details will be announced by Home Depot at a later date. Following the successful sale of HD Supply, which is expected to close in the
