Rating Action:
Moody's assigns Baa1 ratings to United Technologies' new notes
13 Aug 2018
New York, August 13, 2018 -- Moody's Investors Service ("Moody's") assigned Baa1 ratings to the new senior unsecured notes that United Technologies Corporation ("United Technologies") plans to issue. The net proceeds will be used primarily to help finance the planned $30 billion acquisition of Rockwell Collins, Inc. ("Rockwell Collins"; Baa2 stable). The ratings outlook is stable.