Carrier Global Corp.'s $2 Billion Commercial Paper Program Rated 'A-2'

FARMERS BRANCH (S&P Global Ratings) March 26, 2020-- S&P Global Ratings said today it assigned its 'A-2' short-term rating to Palm Beach Gardens, Fla.-based heating, ventilating, and air conditioning (HVAC), refrigeration, fire, and security products provider Carrier Global Corp.'s proposed $2 billion 4(a)(2) commercial paper program. On Feb. 7, 2020, we had assigned our 'A-2' short-term issuer credit rating to Carrier.
Carrier will use the commercial paper program for working capital requirements and general corporate purposes. The program will be backed by its $2 billion revolving credit facility. The issuer credit rating on Carrier is 'BBB', and the outlook is stable. We view Carrier's liquidity to be strong.
We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000 pr@ademcetinkaya.com