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S&P rates P&G notes AA-
Standard & Poor's said it assigned an AA- senior unsecured debt rating to Procter & Gamble Co.'s (AA-/stable/A-1+) planned $1.25 billion floating-rate note offering due 2009 and its $750 million floating-rate note offering due 2010.
Proceeds will be used for general corporate purposes.
Ratings reflect the company's excellent business profile, with geographic and product diversity, and its modest financial risk profile, the agency said.
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