...WASHINGTON D.C. (Standard & Poor's) March 4, 2016--Standard & Poor's Ratings Services today assigned its '###' issue-level rating to Textron Inc.'s proposed $350 million unsecured notes due 2026. The company expects to use the proceeds from this issuance for general corporate purposes, including repaying its existing $250 million 4.625% notes due 2016. We do not believe that the proposed transaction will significantly alter the company's credit metrics, therefore all of our other ratings on the company are unchanged. Our corporate credit rating on Textron reflects the company's well-diversified product portfolio, its leading market positions in its main markets, its exposure to the cyclical and competitive aviation, automotive, and industrial markets, and its improving credit metrics. We expect that the company will increase the deliveries of its new business jet models and wheeled armored vehicles in 2016 and 2017 while it experiences good demand in most of its industrial markets, which...
