...May 4, 2026 NEW YORK (S&P Global Ratings) May 4, 2026--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 outstanding amounts (about $695 million) under its Euro notes due December 2026, repay commercial paper borrowings, and fund other general corporate purposes. We view the transaction as debt leverage neutral, and it will therefore not affect Otis' S&P Global Ratings-adjusted leverage. Our other ratings, including our '###' issuer credit rating, are unchanged. The '###' issuer credit rating reflects Otis' relatively stable end-market demand, solid market position, engineering expertise, and well-balanced geographic mix. In 2026, we expect organic growth of 3%-4%. Supporting this is the continued strength in the company's profitable service segment, in which we expect sales to increase 6%-7% due to the growing market of aging elevator units. This growth should help...
