S&P rates General Mills notes BBB

S&P said it assigned its BBB issue-level rating to General Mills Inc.'s planned euro-denominated senior unsecured notes with the final amount and maturity to be determined.

The company’s other ratings, including its BBB senior unsecured rating, are unchanged, S&P said.

General Mills will use the net proceeds from the notes for general corporate purposes, which may include the repayment of outstanding debt and funding for ongoing operations, acquisitions of business assets, strategic investments, and capital expenditures.

The outlook is stable.

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