24.10.2016 20:15:00
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Honeywell International Inc. -- Moody's assigns A2 rating to Honeywell's new notes
New York, October 24, 2016 -- Moody's Investors Service assigned an A2 rating to the new senior unsecured notes that Honeywell International Inc. announced earlier today. The rating outlook is stable. The new debt will be issued across three maturities in 2019, 2021 and 2026. The proceeds will be used to fund the cash tender offer for three of its note issues aggregating $2.2 billion that Honeywell also commenced earlier today. The excess of the proceeds above $2.2 billion will be used to repay commercial paper.