Business
ITT Maintains Investment Grade Ratings with Stable Outlook Following Announcement of SPX FLOW Acquisition and Successful Equity Offering
STAMFORD, Conn., December 16, 2025--ITT maintains its investment grade ratings with a stable outlook following the SPX FLOW acquisition announcement and successful equity offering.
About this update from Itt Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":322,"url":"https://media.zenfs.com/en/business-wire.com/c7b088536a9107e26f1d57ee0dd44be8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NdVBJK7uoDnD1Hq5KjIS9A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/c7b088536a9107e26f1d57ee0dd44be8","width":480,"height":322}},"lazy":false},{"type":"text","content":"STAMFORD, Conn., December 16, 2025--(BUSINESS WIRE)--December 16, 2025-- ITT Inc. (NYSE: ITT) today announced that leading ratings agencies Moody’s, S&P Global Ratings and Fitch Ratings have reaffirmed the company’s current investment grade credit ratings with a stable outlook following the announcement of its agreement to acquire SPX FLOW and the closing of its underwritten public offering of $1.31 billion of common stock.","length":431,"tagName":"p"},{"type":"text","content":"The ratings agencies that reaffirmed ITT’s credit ratings include:","length":66,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Moody’s, which affirmed ITT’s senior unsecured rating at Baa1 and commercial paper rating at Prime-2, both with a stable outlook. Moody’s cited ITT’s diversified operating model, consistent earnings and strong cash generation.","length":226,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"S&P Global Ratings, which affirmed its BBB issuer credit rating and A-2 short-term rating for ITT. S&P noted that ITT’s history of prudent capital management supports the stable outlook, despite a near-term rise in leverage.","length":232,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fitch Ratings, which affirmed ITT’s BBB+ long-term Issuer Default Rating and F1 short-term rating, both with a stable outlook. Fitch highlighted ITT’s conservative capital structure, strong free cash flow and commitment to reducing leverage below 2x within two years post-acquisition.","length":284,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":742,"olType":false},{"type":"text","content":""I want to thank Moody’s, S&P and Fitch for their continued partnership and the diligence they put into analyzing ITT’s credit ratings. Once the SPX FLOW transaction closes, ITT i...