Standard & Poor’s said it reduced to...

Standard & Poor’s said it reduced to A from A+ its ratings on the senior debt of Honeywell and its domestic and international financing units . . . The board of Wherehouse Entertainment Inc. adopted a shareholder rights plan designed thwart an unwanted takeover . . . CTA (Compagnie de Transport Aerien), a Swiss charter airline based in Geneva, has ordered four new McDonnell Douglas MD-87 twin-jet airliners to be delivered in February, March and November, 1988, and in May, 1989 . . . Telecommunications Inc. said its wholly owned subsidiary completed the previously reported purchase of 55% interest in United Artists Communications Inc. . . . Transworld Corp. shareholders approved the company’s plans to sell its Hilton International unit and spin off the firm’s remaining operations into a new company.