NEW YORK (Standard&Poor's) Sept. 3, 2013--Standard&Poor's Ratings Services said today that it assigned its 'A-' senior unsecured debt rating to Atlanta-based Home Depot Inc.'s $3.25 billion proposed notes due 2018, 2024, 2044. We expect the company to issue the proposed notes under its shelf registration statement filed Aug. 29, 2012. We understand that Home Depot will use the net proceeds to refinance about $1.25 billion debt maturing in December 2013 and for share repurchases. Our 'A-' corporate credit rating and stable outlook on Home Depot are unchanged. We estimate that pro forma for the proposed issuance and debt repayment, Home Depot will have about $21 billion of adjusted debt outstanding. We estimate this would result in
