Fitch Ratings announced on March 31, 2025, an upgrade to Howmet Aerospace’s Long-Term Issuer Default Rating (IDR) from BBB to BBB+. This places the company's debt ratings three notches into Investment Grade, signaling a stronger financial profile.
The upgrade by Fitch reflects Howmet Aerospace's deleveraging efforts, conservative capital allocation strategies, and robust free cash flow generation. These factors have contributed to a more stable and resilient financial structure.
An improved credit rating can lead to more favorable borrowing terms and increased investor confidence. This enhancement in creditworthiness provides Howmet Aerospace with greater financial flexibility for strategic investments and continued shareholder returns.
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