NEW YORK (Standard&Poor's) Feb. 26, 2008--Standard&Poor's Ratings Services today assigned its 'A' rating to Honeywell International Inc.'s $1.5 billion of senior unsecured notes. The notes were issued in two tranches: $600 million 4.25% notes due 2013 and $900 million 5.3% notes due 2018. The notes were sold under the Rule 415 shelf, and proceeds are intended for repayment of outstanding commercial paper. Morris Township, N.J.-based Honeywell (A/Stable/A-1) provides aerospace products and services, automation and control technologies for buildings and industries, transportation products, and specialty materials. "The ratings on Honeywell reflect its substantial operating diversity, solid competitive positions, and fairly strong overall financial profile," said Standard&Poor's credit analyst Roman Szuzper. "We expect a balanced use
