S&P rates S.C. Johnson notes A-

Standard & Poor's said it assigned its A- senior unsecured debt rating to S.C. Johnson & Son Inc.'s $400 million senior notes due 2043.

The company expects to use the net proceeds from the offering for general corporate purposes.

The A-/A-2 corporate credit ratings on S.C. Johnson remain unchanged, as does the stable outlook.

S&P said the ratings reflect its assessment that the company will maintain a "strong" business risk profile, incorporating the solid market positions of its key brands, satisfactory geographic diversity with a sizable presence in higher growth developing markets, historically moderate financial policies (which the agency expects to continue) and the forecast for earnings stability.

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