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United Technologies Corp.s credit grades may get cut as the company loads up on debt to help finance its $23 billion takeover of Rockwell Collins Inc.
Our credit rating is going to be under pressure, Chief Executive Officer Greg Hayes said Tuesday in a phone interview with Bloomberg News. Were going to need the cash flows from all of the businesses to start to pay down that debt.
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Read the full article at: https://www.bloomberg.com/news/articles/2017-09-05/united-technologies-debt-funded-deal-pressures-credit-ceo-says
