NEW YORK (Standard&Poor's) May 28, 2015--Standard&Poor's Ratings Services today assigned its 'A' issue-level rating to Atlanta-based Home Depot Inc.'s proposed $2.5 billion senior unsecured notes due 2022 and 2046. We expect the company to issue the proposed notes under its shelf registration statement filed Aug. 24, 2012. We understand Home Depot will use the net proceeds for general corporate purposes including share repurchases. We estimate that pro forma for the proposed issuance and debt repayment, Home Depot will have about $24.5 billion of adjusted debt outstanding, resulting in leverage of about 1.7x. Our 'A' corporate credit rating and stable outlook on Home Depot are unchanged. Home Depot's performance for the past 12 months was strong, reflecting
