Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+' - S&P Global Ratings’ Credit Research

Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+'

Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+' - S&P Global Ratings’ Credit Research
Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+'
Published Feb 02, 2017
3 pages (1149 words) — Published Feb 02, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Feb. 2, 2017--S&P Global Ratings today assigned its 'BBB+' issue-level rating to Cork, Ireland-based Johnson Controls International PLC's proposed $500 million senior unsecured notes due 2047. The company expects to use the proceeds from these notes for general corporate purposes. All of our other ratings on Johnson Controls International remain unchanged. For our complete corporate credit rating rationale, please see our most research update on Johnson Controls International PLC, published Aug. 25, 2016, on RatingsDirect. RELATED CRITERIA Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 Criteria - Corporates - General: Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 Criteria - Corporates - General: Corporate Methodology, Nov.

  
Brief Excerpt:

...Primary Credit Analyst: Liley Mehta, New York (1) 212-438-1263; liley.mehta@spglobal.com Secondary Contact: Nadine Totri, San Francisco (415) 371-5065; nadine.totri@spglobal.com...

  
Report Type:

Ratings Action

Ticker
TYC
Issuer
Johnson Controls International PLC
GICS
Building Products (20102010)
Sector
Global Issuers
Country
Ireland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+'" Feb 02, 2017. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Johnson-Controls-International-PLC-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1794458>
  
APA:
S&P Global Ratings’ Credit Research. (). Johnson Controls International PLC's Proposed $500 Million Senior Unsecured Notes Rated 'BBB+' Feb 02, 2017. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Johnson-Controls-International-PLC-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1794458>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.