Standard & Poor’s said it raised its...

Standard & Poor’s said it raised its rating on Household International’s preferred stock to A- from BBB . . . Hotel Properties of Los Angeles reported the completion of its sale of two Vagabond Inns, located in Stockton and Modesto, to an unidentified party for $2.73 million . . . Los Angeles-based TransTechnology said it has completed the merger of Lundy Electronics & Systems, New York, into a wholly owned subsidiary of TransTechnology . . . McDonald’s Corp. reported that its common stock has begun trading on the Tokyo Stock Exchange.