Procter & Gamble's 2.1 bln eur notes assigned 'AA-' ratings - S&P |
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Thu, 18 Oct 2007 06:28
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MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has assigned a 'AA-' senior unsecured debt rating to Procter & Gamble Co's (P&G) planned 1 bln eur note offering due 2011 and the 1.1 bln eur note offering due 2017.The ratings agency said the proceeds from the notes are expected to be used for general corporate purposes, including share repurchases.The ratings reflect the company's excellent business profile, geographic and product diversity and its modest financial profile, S&P said.The company holds leading global positions in fabric and home care, baby and family care, beauty care and health care. P&G also maintains strong global brands, including Tide, Pampers, and Gillette, the ratings agency said.TFN.newsdesk@thomson.comndi/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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