S&P: Ingersoll-Rand Irish BBB

S&P said it assigned a BBB/A-2 corporate credit rating to Ingersoll-Rand Irish Holdings Unlimited Co.

The outlook is stable.

The company guarantees the public notes issued by Ingersoll-Rand Global Holding Co. Ltd. and Ingersoll-Rand Luxembourg Finance SA, along with its ultimate parent's credit facilities and commercial-paper program.

The agency also said it withdrew all of the ratings on Ingersoll-Rand International Holding Ltd.

Wholly-owned Ingersoll-Rand Irish Holdings Unlimited is considered a financing subsidiary of Ingersoll-Rand plc and S&P said it treats the company’s group status as core under the group rating methodology.

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