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S&P rates Wyndham Worldwide notes BBB-
Standard & Poor’s said it assigned a BBB- rating on Wyndham Worldwide Corp.’s proposed $350 million senior unsecured notes due 2025.
The company plans to use the proceeds for general corporate purposes, including the repayment of commercial-paper borrowings.
All of its other ratings, including the BBB- corporate credit rating, on Wyndham are unchanged.
The outlook is stable.
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