NEW YORK (Standard&Poor's CreditWire) Dec. 20, 1999--Standard&Poor's today assigned its 'A-1' rating to a 1 billion Euro commercial paper program issued by Textron Inc., Textron Capital B.V., and Ransomes plc. At the same time, Standard&Poor's affirmed its other ratings on Textron and related entities (see list below). The outlook is stable. The Euro commercial paper program is backed by Textron Inc.'s $1 billion revolving credit agreement, which matures in 2003. Each of the notes issued by Textron Capital and Ransomes will be guaranteed by Textron Inc. Proceeds from the sale of the notes will be used for general corporate purposes. The arranger of the program is Barclays Bank PLC, the dealers are Barclays Bank
