NEW YORK (Standard&Poor's) July 24, 2007--Standard&Poor's Ratings Services assigned its 'A' rating to Honeywell International Inc.'s proposed $600 million of senior unsecured notes. They are expected to be issued in two tranches: two-year floating-rate notes and five-year fixed-rate notes. The respective amounts have not yet been determined. The notes are offered 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 strong overall financial profile. The ratings also acknowledge the firm's cyclical and competitive markets,
