CHICAGO (Standard&Poor's) March 28, 2011--Standard&Poor's Ratings Services said today that it assigned its 'BBB+' issue rating to Atlanta-based Home Depot Inc.'s proposed $1 billion senior unsecured notes due 2021 and $1 billion senior unsecured notes due 2041. Home Depot plans to issue the notes under its rule 415 shelf registration statement filed in August 2009. The ratings are based on preliminary terms and conditions. We believe the company plans to use approximately $1 billion of the net proceeds for the replacement of cash funds that it used to repay its $1 billion 5.2% senior notes that matured on March 1, 2011. We expect Home Depot to use the remaining net proceeds for the repurchase of its
