Fitch rates United Technologies notes A

Fitch Ratings said it assigned a rating of A to United Technologies Corp.'s proposed issuance of about $10 billion of senior unsecured notes.

The notes will consist of maturities that could range between 18 months and 30 years and a mix of fixed- and floating-rates, Fitch said.

The proceeds will be available primarily to help fund the pending acquisition of Goodrich Corp., the agency said.

The outlook is stable.

The ratings incorporate the acquisition of Goodrich for $18.4 billion, which is expected to occur in the middle of 2012, Fitch said.

The company plans to fund the acquisition with proceeds from about $9 billion to $11 billion of debt, which could include mandatory convertible debt, the agency said.

Fitch said it believes the company's leverage reduction goals are achievable, but the timing could be affected by potential concerns related to demand in United Technologies' end markets.

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