NY -- Standard&Poor's CreditWire 12/9/96 -- Standard&Poor's rating on Rockwell International Corp.'s $1.6 billion of senior debt (six issues, see list below) have been raised and removed from CreditWatch, where they were placed Aug. 7, 1996. The outlook is stable. The upgrade reflects the completion of a $3.2 billion acquisition by Boeing Co. of Rockwell's aerospace and defense operations. The six debt issues have been assumed and guaranteed by Boeing (rated double-`A'). At the same time, Standard&Poor's has assigned its `A-1'-plus rating to Rockwell's new $2 billion commercial paper program (3(a)3 and 4(2)) and has withdrawn its `A-1'-plus rating on the old program. – CreditWire RATINGS RAISED AND REMOVED FROM CREDITWATCH To From Rockwell
