NEW YORK (Standard&Poor's CreditWire) Dec. 2, 1999--Standard&Poor's today assigned its single-'A' rating to Honeywell International Inc.'s (formerly AlliedSignal Inc.) new $3 billion revolving credit facility. At the same time, Standard&Poor's withdrew its single-'A' rating on the company's $750 million bank credit agreement maturing in 2002. Standard&Poor's also affirmed its outstanding ratings on Honeywell International (see list below). The current outlook is stable. The $3 billion credit facility consists of a $1 billion five year credit agreement and a $2 billion 364-day multi-currency revolving credit line (to be reduced to $1 billion on March 31, 2000). The credit facility is available for cash advances and to support the issuance of commercial paper. The
