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S&P: Hewlett Packard notes BBB
Standard & Poor’s said it assigned a BBB rating to Hewlett Packard Enterprise Co.’s announced senior unsecured notes offering.
The proceeds will be used to finance the payment of a distribution to Hewlett Packard Co. in connection with its separation from Hewlett Packard, S&P said.
Hewlett Packard Enterprise’s leverage, including adjustments for operating leases, pensions, captive finance operations and surplus cash, will remain at less than 0.5x in 2015 and 2016, the agency said.
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