Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger - S&P Global Ratings’ Credit Research

Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger

Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger - S&P Global Ratings’ Credit Research
Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger
Published Dec 01, 1999
732 words — Published Dec 01, 1999
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's CreditWire) Dec. 1, 1999--Standard&Poor's today affirmed its long-term debt ratings on AlliedSignal Inc., which is to be renamed Honeywell International Inc. following completion of its all-stock merger with Honeywell Inc. Standard&Poor's also affirmed its senior unsecured debt rating on Honeywell Inc. and withdrew its other ratings on that unit, as it will become a subsidiary of Honeywell International. All long-term ratings are removed from CreditWatch, where they were placed with positive implications on June 7, 1999 (see list below). The current outlook is stable. The affirmation follows the announcement that AlliedSignal and Honeywell will complete their merger today after receiving clearance from the European Commission. The combination will create a $24

  
Brief Excerpt:

RESEARCH Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger Publication date: 01-Dec-1999 NEW YORK (Standard & Poor's CreditWire) Dec. 1, 1999--Standard & Poor's today affirmed its long-term debt ratings...

  
Report Type:

Ratings Action

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Issuer
GICS
Industrial Conglomerates (20105010)
Sector
Global Issuers , Structured Finance
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Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger" Dec 01, 1999. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Long-term-Ratings-on-AlliedSignal-Honeywell-Affirmed-Off-CreditWatch-Re-Merger-133513>
  
APA:
S&P Global Ratings’ Credit Research. (). Long-term Ratings on AlliedSignal, Honeywell Affirmed; Off CreditWatch; Re: Merger Dec 01, 1999. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Long-term-Ratings-on-AlliedSignal-Honeywell-Affirmed-Off-CreditWatch-Re-Merger-133513>
  
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