NEW YORK (Standard&Poor's) Nov. 1, 2005--Standard&Poor's Ratings Services today assigned its 'A-1' rating to Honeywell International Inc.'s €1 billion Euro commercial paper program. At the same time, Standard&Poor's affirmed its ratings, including its 'A/A-1' corporate credit rating, on the Morristown, N.J.-based company. The outlook is stable. About $5.4 billion of debt is outstanding. The issuers of notes under the program are Honeywell Bermuda L.P., Honeywell Europe S.A., Honeywell Ltd., and Honeywell International Inc. Borrowings under the program (except for notes issued by Honeywell International) will be guaranteed by the parent, Honeywell International, with proceeds used for general corporate purposes. Standby support for commercial paper outstandings is provided by US$2.3 billion of revolving credit facilities,
