S&P rates Hewlett Packard Enterprise notes BBB

S&P said it assigned its BBB issue-level rating to Hewlett Packard Enterprise Co.'s senior unsecured fixed-rate notes and senior unsecured floating-rate notes.

The company will use the proceeds from the notes to fund the repayment of the $1.05 billion outstanding 2.85% notes and the $250 million floating-rate notes both due October 2018 and for general corporate purposes.

“We rate the new notes the same as the issuer credit rating on the company. Our BBB issuer credit rating on Hewlett Packard Enterprise Co. is unchanged, and the outlook remains stable,” S&P said in a news release.

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