NEW YORK (S&P Global Ratings) May 6, 2025--S&P Global Ratings today assigned its 'A-' issue-level rating to Eaton Capital Unlimited Co.'s proposed euro- and USD-denominated senior unsecured notes. Eaton Capital Unlimited Co. is a subsidiary of Dublin-based diversified power management company Eaton Corp. PLC . We expect the final size of the offerings will be approximately €500 million and $500 million, respectively. The notes will rank pari passu with all of the issuer's existing and future unsecured unsubordinated debt and will be guaranteed by Eaton Corp. PLC and certain of its operating subsidiaries. We believe Eaton intends to use the proceeds from these notes to repay outstanding debt. The company acquired Fibrebond Corp., a manufacturer of modular power enclosures for
