NY -- Standard&Poor's CreditWire 10/22/98 -- Standard&Poor's today assigned its double-'A'-minus rating to HD Real Estate Funding Corp. II's $273.28 million notes due 2008. HD Real Estate will lend the proceeds to Credit Suisse Leasing 92 A, L.P. to finance properties that are leased to Home Depot U.S.A. Inc. (the company). Home Depot Inc. (AA-/Stable/A-1+) guarantees Home Depot U.S.A.'s obligations under the lease and repayment of the notes, provided that the amount payable may not exceed Home Depot U.S.A.'s obligations under the lease. The rating is supported by the Home Depot Inc. guaranty, the value of the 30 warehouse style Home Depot properties, and the well secured loan between HD Real Estate and the lessor. Because
