Carrier Global Corp.'s $2 Billion Commercial Paper Program Rated 'A-2'

FARMERS BRANCH (S&P Global Ratings) March 26, 2020-- S&P Global Ratings said today it assigned its 'A-2' short-term rating to Palm Beach Gardens, Fla.-based heating, ventilating, and air conditioning (HVAC), refrigeration, fire, and security products provider Carrier Global Corp.'s proposed $2 billion 4(a)(2) commercial paper program. On Feb. 7, 2020, we had assigned our 'A-2' short-term issuer credit rating to Carrier. Carrier will use the commercial paper program for working capital requirements and general corporate purposes. The program will be backed by its $2 billion revolving credit facility. The issuer credit rating on Carrier is 'BBB', and the outlook is stable. We view Carrier's liquidity to be strong. For more information on the rationale supporting our issuer credit rating on

...March 26, 2020 FARMERS BRANCH (S&P Global Ratings) March 26, 2020-- S&P Global Ratings said today it assigned its 'A-2' short-term rating to Palm Beach Gardens, Fla.-based heating, ventilating, and air conditioning (HVAC), refrigeration, fire, and security products provider Carrier Global Corp.'s proposed $2 billion 4(a)(2) commercial paper program. On Feb. 7, 2020, we had assigned our 'A-2' short-term issuer credit rating to Carrier. Carrier will use the commercial paper program for working capital requirements and general corporate purposes. The program will be backed by its $2 billion revolving credit facility. The issuer credit rating on Carrier is '###', and the outlook is stable. We view Carrier's liquidity to be strong. For more information on the rationale supporting our issuer credit rating on Carrier, see "Research Update: Carrier Global Corp. Outlook Revised To Stable From Positive On Expected Demand Disruption, Delayed Leverage Reduction," published March. 20, 2020....

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