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Fitch assigns A rating to Home Depot's $2B debt offering

Fitch Ratings on Jan. 7 issued an A rating to Home Depot Inc.'s $2 billion senior unsecured notes offering.

The offering includes $750 million of 2.950% notes due 2029 and $1.25 billion of 3.125% notes due 2049.

The Atlanta-based home improvement retailer plans to use the net proceeds for general corporate purposes, including repurchases of shares of its common stock, subject to market conditions and other business considerations.

On Jan. 6, Moody's issued an A2 rating to Home Depot's proposed senior unsecured notes.