S&P rates Roper notes BBB+

S&P said it assigned its BBB+ issue-level rating to Roper Technologies Inc.’s $600 million of senior unsecured notes due 2030.

The company intends to use the proceeds for general corporate purposes, including acquisitions and to refinance its upcoming maturities.

“We rate the company’s unsecured debt BBB+, the same level as our issuer credit rating because no significant elements of subordination risk are present in its capital structure,” S&P said in a press release.

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