New York, April 29, 2015 -- Moody's Investors Service assigned new ratings to the proposed debt issuance by United Technologies Corporation, including an A2 rating for the company's senior unsecured notes due 2045 and an A3 rating for its junior subordinated notes due 2018. Existing ratings for the company remain unchanged, including the A2 senior unsecured debt and P-1 short-term commercial paper ratings. Net proceeds from the offering will be used for general corporate purposes and the refinancing near-term debt maturities totaling $1.7 billion. The rating outlook is stable.
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