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S&P gives Procter & Gamble notes AA-
S&P said it assigned its AA- issue-level rating to Procter & Gamble Co.'s proposed senior unsecured notes. The notes will rank pari passu with the company's senior unsecured debt. P&G will use the proceeds for general corporate purposes, including repaying commercial paper. The notes offering will be leverage neutral.
All other S&P ratings on the company, including the AA- long-term issuer credit rating, are unchanged. The outlook is stable.
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