Fitch: UTC's Sale of Sikorsky Neutral to Ratings; Mixed Impact on Operating Profile

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings views United Technologies Corporation's (UTC) planned sale of Sikorsky as neutral to UTC's credit ratings, although there will be a negative near-term impact on leverage and other credit metrics due to the loss of earnings and cash flow. Sikorsky generated approximately 6.5% of UTC's segment profit in 2014 excluding the impact of special charges, but Fitch believes growth in UTC's financial results should enable the company to strengthen its credit measur

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