NEW YORK (Standard&Poor's) Feb. 14, 2011--Standard&Poor's Ratings Services said today that it assigned its 'A' rating to Honeywell International Inc.'s proposed 10-year and 30-year senior unsecured note offering. Honeywell intends to use the proceeds from the notes to repurchase up to $400 million of senior notes due 2012, to repay commercial paper, and for general corporate purposes. The new notes will be issued under Honeywell's existing shelf registrations of debt securities filed under SEC Rule 415 and dated Feb. 23, 2010. The ratings on Morris Township, N.J.-based Honeywell reflect its strong business risk profile and modest financial risk profile, with credit measures that have improved significantly in the past year, benefitting from a full-year revenue growth
