...April 30, 2019 WASHINGTON D.C. (S&P Global Ratings) April 30, 2019--S&P Global Ratings today assigned its '###' issue-level rating to Textron Inc.'s proposed $300 million unsecured notes due 2029. The company expects to use the proceeds for general corporate purposes and we do not believe the proposed transaction will significantly alter Textron's credit metrics. Our issuer 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, offsetting weakness in other segments. In addition, we expect management to make moderate share repurchases and pursue small- to mid-size acquisitions using internal cash flows, thus maintaining credit ratios that are consistent with our current ratings. Issue Ratings...
