...NEW YORK (S&P Global Ratings) Oct. 24, 2016--S&P Global Ratings today assigned its 'A' issue-level rating to U.S.-based Honeywell International Inc.'s proposed senior unsecured notes. We believe that the company will issue notes maturing in 2019, 2021, and 2026. Honeywell intends to use the proceeds from this debt to repay some of its commercial paper ($5.6 billion outstanding as of Sept. 30, 2016); fund the tender offer for its 5.30% notes due 2017 ($400 million outstanding), 5.30% notes due 2018 ($900 million outstanding), and 5.00% notes due 2019 ($900 million outstanding); and for general corporate purposes. Morris Plains, N.J.-based Honeywell is a globally diversified technology and manufacturing company with operations in the aerospace, turbochargers, building controls, specialty chemicals, advanced materials, and refining and petrochemical processing segments. Our 'A' corporate credit rating on the company reflects its diverse business mix, effective operational execution, solid...
