S&P: Harley-Davidson notes A-

Standard & Poor’s said it assigned an A- rating to Harley-Davidson, Inc.’s proposed aggregate $750 million senior notes due 2025 and 2045.

The proceeds will be used for share repurchases.

All of its other ratings, including its A- corporate credit rating, are unchanged.

The outlook is stable.

The ratings reflect the company’s satisfactory business risk and minimal financial risk, S&P said.

The stable outlook reflects a view that the sales channel will continue to absorb moderate growth in motorcycle shipments through 2016, the agency said.

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