On Nov. 13, 2018, Johnson Controls International PLC (JCI) said that it had agreed to divest its power solutions unit to Brookfield Business Partners LP and others. Therefore, we are placing all of our ratings on JCI on CreditWatch with negative implications. We will resolve the CreditWatch placement prior to the transaction's close and after we complete a comprehensive review of JCI's business, including its business position, capital structure, and financial policies On Nov. 14, 2018, S&P Global Ratings placed all of its ratings on Cork, Ireland-based Johnson Controls International PLC on CreditWatch with negative implications. The CreditWatch negative placement follows JCI's announcement that it has reached a definitive agreement to sell its Power Solutions business to Brookfield Business Partners
