S&P rates Home Depot notes A-

Standard & Poor's said it assigned its A- senior unsecured debt rating to Home Depot Inc.'s up to $2 billion proposed senior unsecured notes.

S&P said it expects the company to issue the proposed notes under its shelf registration statement filed Aug. 29, 2012.

The agency said it believes that Home Depot will use the net proceeds mainly for share repurchases.

The A- corporate credit rating and stable outlook on Home Depot are unchanged.

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