...WASHINGTON D.C. (S&P Global Ratings) Nov. 6, 2017--S&P Global Ratings today assigned its '###' issue-level rating to Textron Inc.'s proposed $350 million senior unsecured floating-rate notes due 2020. At the same time, we affirmed our '###' issue-level rating on the company's existing unsecured debt. Textron expects to use the proceeds from this issuance to repay two term loans totaling $350 million that mature in 2018 and 2019. We do not believe that the proposed transaction will significantly alter the company's credit metrics. Our corporate credit rating on Textron reflects the company's well-diversified product portfolio, its leading market positions in its main markets, and its exposure to the cyclical and competitive aviation, automotive, and industrial markets. We expect the company's credit ratios to improve steadily over the next two years on higher deliveries of new business jet models, increased deliveries of wheeled armored vehicles, and good demand in most of its industrial...
