{"id":791053,"date":"2024-11-27T06:33:08","date_gmt":"2024-11-27T11:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/itt-receives-moodys-ratings-upgrade\/"},"modified":"2024-11-27T06:33:08","modified_gmt":"2024-11-27T11:33:08","slug":"itt-receives-moodys-ratings-upgrade","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/itt-receives-moodys-ratings-upgrade\/","title":{"rendered":"ITT Receives Moody\u2019s Ratings Upgrade"},"content":{"rendered":"

<\/p>\n

ITT Receives Moody\u2019s Ratings Upgrade<\/b><\/p>\n

STAMFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nNovember 27, 2024– ITT Inc. (NYSE: ITT<\/a>) today announced that Moody\u2019s Ratings (Moody\u2019s) upgraded the company\u2019s rating to Baa1 from Baa2. Moody\u2019s also affirmed a Prime-2 short term commercial paper rating for ITT.<\/p>\n

\nIn its press release, Moody\u2019s noted the ratings upgrade reflects its expectation that ITT will sustain improvements in profitability and cash generation and continue its well-balanced financial policy over the next several years. Moody\u2019s also expects \u201cthe company\u2019s market share gains and conversion of its strong backlog to sales will support continued operating profit growth.\u201d<\/p>\n

\n\u201cThis ratings upgrade is a testament to the consistent performance of the ITT teams, day in and day out, which enabled us to grow profitably, execute strategic acquisitions and drive strong cash generation to fund future growth investments. This is another example of the ITT differentiation centered around execution and innovation. We are grateful for the recognition by Moody\u2019s,\u201d said Luca Savi, Chief Executive Officer and President of ITT.<\/p>\n

\nThe Moody\u2019s press release on ITT\u2019s ratings upgrade can be accessed by clicking here<\/a>.<\/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 energy 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 Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com<\/a>.<\/p>\n

\nITT-O<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241127104604\/en\/<\/a><\/span><\/p>\n

Media:
\n
<\/span><\/b>Phil Terrigno
\n
+1 914-641-2143
\n
phil.terrigno@itt.com<\/a><\/p>\n

Investors:
\n
<\/span><\/b>Mark Macaluso
\n
+1 914-641-2064
\n
mark.macaluso@itt.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Other Transport Trucking Rail Vehicle Technology Transport Other Construction & Property Commercial Building & Real Estate Public Transport Construction & Property Other Automotive Other Natural Resources Mining\/Minerals Natural Resources Other Manufacturing Textiles Steel General Automotive Packaging Automotive Engineering Other Energy Chemicals\/Plastics Utilities Automotive Manufacturing Oil\/Gas Landscape Manufacturing Interior Design Building Systems Energy Architecture<\/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":"

ITT Receives Moody\u2019s Ratings Upgrade STAMFORD, Conn.–(BUSINESS WIRE)– November 27, 2024– ITT Inc. (NYSE: ITT) today announced that Moody\u2019s Ratings (Moody\u2019s) upgraded the company\u2019s rating to Baa1 from Baa2. Moody\u2019s also affirmed a Prime-2 short term commercial paper rating for ITT. In its press release, Moody\u2019s noted the ratings upgrade reflects its expectation that ITT will sustain improvements in profitability and cash generation and continue its well-balanced financial policy over the next several years. Moody\u2019s also expects \u201cthe company\u2019s market share gains and conversion of its strong backlog to sales will support continued operating profit growth.\u201d \u201cThis ratings upgrade is a testament to the consistent performance of the ITT teams, day in and day out, which enabled us to grow … <\/p>\n

Continue reading “ITT Receives Moody\u2019s Ratings Upgrade”<\/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-791053","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nITT Receives Moody\u2019s Ratings Upgrade - 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\/itt-receives-moodys-ratings-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ITT Receives Moody\u2019s Ratings Upgrade - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ITT Receives Moody\u2019s Ratings Upgrade STAMFORD, Conn.–(BUSINESS WIRE)– November 27, 2024– ITT Inc. (NYSE: ITT) today announced that Moody\u2019s Ratings (Moody\u2019s) upgraded the company\u2019s rating to Baa1 from Baa2. Moody\u2019s also affirmed a Prime-2 short term commercial paper rating for ITT. In its press release, Moody\u2019s noted the ratings upgrade reflects its expectation that ITT will sustain improvements in profitability and cash generation and continue its well-balanced financial policy over the next several years. Moody\u2019s also expects \u201cthe company\u2019s market share gains and conversion of its strong backlog to sales will support continued operating profit growth.\u201d \u201cThis ratings upgrade is a testament to the consistent performance of the ITT teams, day in and day out, which enabled us to grow … Continue reading "ITT Receives Moody\u2019s Ratings Upgrade"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/itt-receives-moodys-ratings-upgrade\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-27T11:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20241127104604r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ITT Receives Moody\u2019s Ratings Upgrade\",\"datePublished\":\"2024-11-27T11:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/\"},\"wordCount\":370,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20241127104604r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/itt-receives-moodys-ratings-upgrade\\\/\",\"name\":\"ITT Receives Moody\u2019s Ratings Upgrade - 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