S&P gives HD Supply notes CCC+

Standard & Poor's said it assigned its CCC+ unsecured debt rating to HD Supply Inc.'s proposed offering of $1,275,000,000 senior unsecured notes due 2020.

The recovery rating on the notes is 6.

The B corporate credit rating and stable outlook are unaffected.

S&P said the ratings reflect the company's "satisfactory" business risk profile as a major industrial distributor of infrastructure and energy, maintenance, repair and improvement and specialty construction products.

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