...- Carrier Global Corp. announced it entered into a definitive agreement to purchase Viessmann, a Germany-based manufacturer of residential heating products and renewable energy solutions, for 12 billion. - We expect the company to fund the acquisition through a combination of roughly 7 billion in new debt, 2.4 billion in newly issued equity, and 2.6 billion in cash. - Pro forma for the proposed acquisition financing and including a full year of EBITDA from Viessmann, we expect S&P Global Ratings-adjusted debt to EBITDA to increase to around 4x at year-end 2023 and improve toward the low-to-mid-3x area in 2024. This level of S&P Global Ratings-adjusted leverage is higher compared to our prior forecast for around 2x, and we therefore no longer view a higher rating over the next 12-24 months as likely. Therefore, we revised our outlook on Carrier to stable from positive. - At the same time, we affirmed our '###' issuer credit rating and '###' issue-level rating on Carrier's senior unsecured...
