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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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