S&P rates Textron notes BBB

S&P said it assigned its BBB issue-level rating to Textron Inc.'s proposed unsecured notes due 2028.

The company expects to use the proceeds from this issuance to make a voluntary contribution to its pension plan.

“We do not believe that the proposed transaction will significantly alter Textron's credit metrics; therefore all of our other ratings on the company remain unchanged,” S&P said in a news release.

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