...September 2, 2025 NEW YORK (S&P Global Ratings) Sept. 2, 2025--S&P Global Ratings today assigned its `###' issue- level rating to Otis Worldwide Corp.'s proposed senior unsecured notes. The company intends to use the proceeds to repay amounts outstanding on its notes due March 2026, repay commercial paper borrowings, and fund other general corporate purposes. We view the transaction as leverage neutral, and it will therefore not affect our S&P Global Ratings-adjusted leverage. Our other ratings, including our `###' issuer credit rating, are unchanged. The '###' issuer credit rating reflects its relatively stable end-market demand, solid market position, engineering expertise, and well-balanced geographic mix. Despite a weak new equipment outlook, the company's profitable service segment (85% of its operating income before corporate expenses) and cost reduction efforts will help offset ongoing weakness in China's property market....
