New York, January 12, 2015 -- Moody's Investors Service assigned Baa1 ratings to Ecolab Inc.'s (Ecolab) proposed 3-year and 5-year senior unsecured notes, affirmed the existing Baa1 senior unsecured ratings and changed the outlook on Ecolab's ratings to stable from negative. Net proceeds from the offerings ($600 million principal amount) will be used to partially repay commercial paper balances. The company has $250 million of notes maturing in February 2015 and $500 million of notes maturing in August 2015.

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