Moody's: Structural note seniority, covenant stripping weighed as Johnson Controls International plc seeks to finalize recent like-for-like exchange offer
New York, December 07, 2016-- In a new report by Moody's Investors Service, analysts explore the potential impact on the debt ratings of Johnson Control International plc's subsidiaries-- including Johnson Controls Inc. and Tyco International Finance-- following the company's recent exchange offer. On 30 November 2016, Johnson Control International plc made an offer for a like-for-like exchange of the public notes of subsidiaries Johnson Controls Inc. or Tyco International...
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