S&P gives Praxair notes A

Standard & Poor's said it assigned its A senior unsecured debt rating to Praxair Inc.'s proposed $500 million of notes due 2015.

S&P said it said that its A long-term and A-1 short-term corporate credit ratings on the company were affirmed.

The outlook remains stable.

The agency said that Praxair will use proceeds to repay short-term debt, to fund share repurchases and for general corporate purposes, noting that the credit quality of Praxair reflects a strong business profile, the impressive resilience of cash flows and operating margins and solid financial ratios.

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