Howmet Aerospace Receives Two-Notch Rating Upgrade from Moody’s and Outlook Upgrade from Fitch
07 Août 2024 - 1:46AM
Business Wire
Key Announcements
- On August 6, 2024, Moody’s Ratings (“Moody’s”) upgraded Howmet
Aerospace’s senior unsecured ratings from Baa3 to Baa1.
- On August 6, 2024, Fitch Ratings (“Fitch”) revised its Rating
Outlook on Howmet Aerospace from Stable to Positive.
Howmet Aerospace (NYSE:HWM) today reported the following actions
taken by rating agencies Moody’s and Fitch.
On August 6, 2024, Moody’s upgraded Howmet Aerospace’s senior
unsecured ratings from Baa3 to Baa1, the commercial paper ratings
from P-3 to P-2, and the preferred stock ratings from Ba2 to Baa3.
The senior unsecured rating change is a two-notch upgrade from the
prior rating. The rating outlook was revised from positive to
stable.
On August 6, 2024, Fitch affirmed Howmet Aerospace’s senior
unsecured debt ratings at BBB, the short-term and commercial paper
ratings at F2, and the preferred stock ratings at BB+. The rating
outlook was revised from stable to positive.
About Howmet Aerospace
Howmet Aerospace Inc., headquartered in Pittsburgh,
Pennsylvania, is a leading global provider of advanced engineered
solutions for the aerospace and transportation industries. The
Company’s primary businesses focus on jet engine components,
aerospace fastening systems, and airframe structural components
necessary for mission-critical performance and efficiency in
aerospace and defense applications, as well as forged aluminum
wheels for commercial transportation. With approximately 1,150
granted and pending patents, the Company’s differentiated
technologies enable lighter, more fuel-efficient aircraft and
commercial trucks to operate with a lower carbon footprint. For
more information, visit www.howmet.com.
Dissemination of Company Information
Howmet Aerospace intends to make future announcements regarding
Company developments and financial performance through its website
at www.howmet.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806523776/en/
Investor Contact Paul T. Luther (412) 553-1950
Paul.Luther@howmet.com
Media Contact Rob Morrison (412) 553-2666
rob.morrison@howmet.com
Howmet Aerospace (NYSE:HWM)
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