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Published on 9/26/2023 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

S&P assigns BBB+ to Trane units

S&P said it assigned its BBB+ issuer credit rating to Trane Technologies plc's financing subsidiaries, Trane Technologies Financing Ltd. and Trane Technologies HoldCo Inc.

The BBB+ rating is the same as S&P’s rating on their parent, Trane Technologies plc, the agency said.

The outlook on the subsidiaries is stable, which reflects the parent’s stable outlook, S&P noted.


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