DBRS Rates $1 Billion Home Depot Issue at A (low)

DBRS has today assigned a rating of A (low) with a Stable trend to The Home Depot, Inc.’s (Home Depot) planned issue of $1 billion of senior notes (the Notes).

The $1 billion note issue will include $500 million due in 2020 and $500 million due in 2040. The Notes rank pari passu with Home Depot’s other senior unsecured indebtedness. Proceeds from the Notes will be used to replace the cash used to repay the $1 billion 4.625% senior notes that matured on August 15, 2010.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Merchandisers, which can be found on the DBRS website under Methodologies.