other material
confidence high
sentiment positive
materiality 0.60
S&P upgrades Howmet Aerospace ratings to investment grade (BBB-); outlook stable
Howmet Aerospace Inc.
- S&P raised long-term issuer credit rating to BBB- from BB+; short-term to A-3 from B.
- Unsecured debt rating upgraded to BBB- from BB+; outlook revised to stable.
- Howmet is now rated investment grade by two of three major credit rating agencies.