Home Depot Inc.'s Proposed Senior Unsecured Notes Rated 'A'

NEW YORK (S&P Global Ratings) May 24, 2017--S&P Global Ratings today assigned its 'A' issue-level rating to Atlanta-based Home Depot Inc.'s proposed senior unsecured notes. We expect Home Depot will use the net proceeds for general corporate purposes including share repurchases. Our ratings on Home Depot, including the 'A' long-term and'A-1' short-term corporate credit ratings and stable outlook, reflect the company's strong market position as the largest home-improvement retailer in the world, its attractive U.S. store footprint, good track record of store performance and profitability from management execution, and substantial cash flow generating capability. We view the company's competitively-priced product offering within the home improvement industry as a significant advantage relative to peers. We expect the company to continue generating

...NEW YORK (S&P Global Ratings) May 24, 2017--S&P Global Ratings today assigned its 'A' issue-level rating to Atlanta-based Home Depot Inc.'s proposed senior unsecured notes. We expect Home Depot will use the net proceeds for general corporate purposes including share repurchases. Our ratings on Home Depot, including the 'A' long-term and'A-1' short-term corporate credit ratings and stable outlook, reflect the company's strong market position as the largest home-improvement retailer in the world, its attractive U.S. store footprint, good track record of store performance and profitability from management execution, and substantial cash flow generating capability. We view the company's competitively-priced product offering within the home improvement industry as a significant advantage relative to peers. We expect the company to continue generating healthy sales and profit growth fueled by continued positive momentum in the U.S. housing market and an increase in repair and remodeling activities...

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