S&P rates Sherwin-Williams notes A

Standard & Poor's said it assigned its A issue-level rating to Sherwin-Williams Co.'s proposed $750 million senior unsecured notes due 2025 and 2045. The company plans to use proceeds to pay down debt outstanding.

All existing ratings on Sherwin-Williams, including the A corporate credit rating, are unchanged.

The outlook is stable.

S&P said the ratings reflect its assessments of Sherwin-Williams' "strong" business risk profile and "modest" financial risk profile.

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