{"id":393624,"date":"2020-12-04T11:03:20","date_gmt":"2020-12-04T16:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393624"},"modified":"2020-12-04T11:03:20","modified_gmt":"2020-12-04T16:03:20","slug":"moodys-upgrades-itt-inc-ratings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/moodys-upgrades-itt-inc-ratings\/","title":{"rendered":"Moody\u2019s Upgrades ITT Inc. Ratings"},"content":{"rendered":"

<\/p>\n

Moody\u2019s Upgrades ITT Inc. Ratings<\/b><\/p>\n

WHITE PLAINS, N.Y.–(BUSINESS WIRE<\/a>)–
\nMoody\u2019s Investors Service (\u201cMoody\u2019s\u201d) upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company\u2019s senior unsecured debt rating to Baa2 from Baa3, and its short-term commercial paper rating to Prime-2 (P-2) from Prime-3 (P-3).\n<\/p>\n

\nIn their press release, Moody\u2019s noted the ratings upgrades reflect Moody\u2019s expectation that ITT will sustain improvements in profitability and free cash flows while maintaining relatively low funded debt levels, a strong liquidity profile and well-balanced financial policies.\n<\/p>\n

\nMoody\u2019s stated further the ratings upgrades also reflect their expectation that ITT\u2019s earnings and cash flow resiliency amid the coronavirus pandemic will sustain.\n<\/p>\n

\nA link to the Moody\u2019s press release can be found here<\/a>.\n<\/p>\n

About ITT<\/span><\/b><\/p>\n

\nITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. The Company generated 2019 revenues of $2.85 billion. For more information, visit www.itt.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201204005386\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
Emmanuel Caprais
\n
+1 914-641-2030
\n
emmanuel.capraisIR@itt.com<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Textiles Other Transport Steel Packaging Engineering Chemicals\/Plastics Air Automotive Manufacturing Transport Aerospace Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Moody\u2019s Upgrades ITT Inc. Ratings WHITE PLAINS, N.Y.–(BUSINESS WIRE)– Moody\u2019s Investors Service (\u201cMoody\u2019s\u201d) upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company\u2019s senior unsecured debt rating to Baa2 from Baa3, and its short-term commercial paper rating to Prime-2 (P-2) from Prime-3 (P-3). In their press release, Moody\u2019s noted the ratings upgrades reflect Moody\u2019s expectation that ITT will sustain improvements in profitability and free cash flows while maintaining relatively low funded debt levels, a strong liquidity profile and well-balanced financial policies. Moody\u2019s stated further the ratings upgrades also reflect their expectation that ITT\u2019s earnings and cash flow resiliency amid the coronavirus pandemic will sustain. A link to the Moody\u2019s press release can be found here. About … <\/p>\n

Continue reading “Moody\u2019s Upgrades ITT Inc. Ratings”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393624","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMoody\u2019s Upgrades ITT Inc. Ratings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moodys-upgrades-itt-inc-ratings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody\u2019s Upgrades ITT Inc. Ratings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Moody\u2019s Upgrades ITT Inc. Ratings WHITE PLAINS, N.Y.–(BUSINESS WIRE)– Moody\u2019s Investors Service (\u201cMoody\u2019s\u201d) upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company\u2019s senior unsecured debt rating to Baa2 from Baa3, and its short-term commercial paper rating to Prime-2 (P-2) from Prime-3 (P-3). In their press release, Moody\u2019s noted the ratings upgrades reflect Moody\u2019s expectation that ITT will sustain improvements in profitability and free cash flows while maintaining relatively low funded debt levels, a strong liquidity profile and well-balanced financial policies. Moody\u2019s stated further the ratings upgrades also reflect their expectation that ITT\u2019s earnings and cash flow resiliency amid the coronavirus pandemic will sustain. A link to the Moody\u2019s press release can be found here. About … Continue reading "Moody\u2019s Upgrades ITT Inc. 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