S&P rates Agilent revolver BBB+

Standard & Poor's said it assigned its BBB+ issue-level rating to Agilent Technologies Inc.'s $700 million senior unsecured revolving credit facility due 2019.

The company will use proceeds for general corporate purposes.

The agency expects the revolver to remain undrawn and does not expect it to impact pro forma adjusted leverage. At March 31, leverage was 0.3 times, consistent with S&P’s "minimal" financial risk profile assessment.

The corporate credit rating is BBB+ and the outlook is stable.

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