| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rockwell Collins, Inc. > News item |
S&P: Rockwell Collins on watch
S&P said it placed the BBB long-term corporate credit and issue-level ratings on Rockwell Collins Inc. on CreditWatch with positive implications.
At the same time, the agency affirmed the A-2 short-term corporate credit and A-2 commercial paper ratings. S&P did not place these ratings on CreditWatch because it expects to raise the corporate credit rating by only one notch upon closing of the proposed transaction and an upgrade to BBB+ would not change the assessment of the company's short-term creditworthiness.
“The CreditWatch placement follows United Technologies' announcement that it will be acquiring Rockwell Collins in a transaction valued at $30 billion, including the assumption of Rockwell Collins' debt. The companies expect the transaction to close by the third quarter of 2018,” S&P said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.