S&P assigns A to Kenvue notes

S&P said it preliminarily rated Kenvue Inc.’s planned senior unsecured notes, with maturities to be determined, A.

Johnson & Johnson plans to separate its consumer health business into Kenvue, a newly formed company, which will buy the business from J&J. Kenview will use the proceeds to help fund the purchase.

Kenvue’s other ratings, including its preliminary A rating, are unchanged.

The outlook is stable.

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