TEXT-S&P rates Ingersoll-Rand notes 'BBB+'

Newswire

(The following statement was released by the rating agency) March 31 - Standard & Poor's Ratings Services today assigned its 'BBB+' rating to Ingersoll-Rand Global Holdings Co. Ltd.'s offering of approximately $655 million senior unsecured notes due 2014 and to $300 million exchangeable senior notes due 2012. These notes are each guaranteed by parent Ingersoll-Rand Co. Ltd. (BBB+/Negative/A-2). The notes are being offered under Ingersoll-Rand Global Holdings Co. Ltd.'s Rule 415 shelf ...

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