Honeywell International Inc.'s Proposed Senior Notes Rated 'A'

NEW YORK (S&P Global Ratings) Oct. 28, 2022--S&P Global Ratings today assigned its 'A' issue-level rating to Charlotte, N.C.-based Honeywell International Inc.'s proposed euro-denominated senior notes due 2034 and dollar-denominated senior notes due 2024, 2028, and 2033. The company will use the proceeds from these offerings to refinance its existing debt and for other general corporate purposes. All of our other ratings on Honeywell remain unchanged. Our 'A' long-term issuer credit rating on the company reflects its broad operational scale, strong market positions in its core end markets, and healthy backlog, which will likely support good organic growth relative to its peers, particularly in its long-cycle products. Furthermore, our rating reflects Honeywell's rigorous operational processes, which support continuous improvement and

...October 28, 2022 NEW YORK (S&P Global Ratings) Oct. 28, 2022--S&P Global Ratings today assigned its 'A' issue-level rating to Charlotte, N.C.-based Honeywell International Inc.'s proposed euro-denominated senior notes due 2034 and dollar-denominated senior notes due 2024, 2028, and 2033. The company will use the proceeds from these offerings to refinance its existing debt and for other general corporate purposes. All of our other ratings on Honeywell remain unchanged. Our 'A' long-term issuer credit rating on the company reflects its broad operational scale, strong market positions in its core end markets, and healthy backlog, which will likely support good organic growth relative to its peers, particularly in its long-cycle products. Furthermore, our rating reflects Honeywell's rigorous operational processes, which support continuous improvement and high profit margins, and its robust cash flow generation. The company's credit measures are appropriate for the rating and we estimate its...

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