Textron, Inc. http://www.alacrastore.com/company-snapshot/Textron_Inc-1016573 Friday, January 09, 2009 5:14:40 AM 1016573 Textron, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/455237_pr_framefitch/455237_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Textron Financial CorporationTextron, Inc.80091182800917561/8/2009 10:15:00 AM010101000101020001010207010300000103060085Press ReleaseTXT455237_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/692872spcred/692872normglobalstructured12/24/2008 2:56:52 AM100News692872United StatesIndustrial ConglomeratesCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Dec. 23, 2008--Standard&Poor's Ratings Services said today that its rating and outlook on Textron Inc. (BBB+/Negative/A-2) and Textron Financial Corp. (TFC; BBB/Developing/A-2) are not affected by a plan to exit all of TFC's non-captive businesses through orderly liquidations and selected sales. A $250 million-$300 million pretax fourth-quarter 2008 mark-to-market adjustment against assets held for sale, combined with an increase in TFC's reserves against credit losses, restructuring charges, and previously announced $169 million impairment charge to eliminate TFC's goodwill, will require Textron to make a $600 million fourth-quarter 2008 capital contribution to TFC to maintain compliance with fixed-charge coverage ratio covenant in Textron's support agreement with TFC and the leverage ratio covenant in TFC'sUSA88320N88320K88320J88320P88320A88320B88320C88320320105010 201050 2010 20Textron Inc.102322CANEMERGINGEUROMIDAFRLATAMERICAUSATXTNEWSUSA88319988319Q88319Z88319W88320D88320F88320E40201040 402010 4020 40Textron Financial Corp.104223CANASIAEMERGINGLATAMERICAUSA3339ZGLOBISSSTRUCFICORPABSCDOAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_170051_747000moodys/PR_170051_747000htmlGlobal Credit Research Rating Action ## DEC #### Rating Action: Textron Inc. Moody's lowers Textron's long-term ratings to Baa#; ratings under review for downgrade About $#.# billion of debt affected New York, December ##, #### --...12/24/2008 12:54:34 AMhtmlTextron Inc.Textron Financial CorporationTextron Financial Canada Funding CorporationTextron Financial Canada Funding Corporation; Textron Financial Corporation; Textron Inc.747000746500600056682150.0000NewsRating ActionPR_170051_747000Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/454366_pr_framefitch/454366_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Textron Financial CorporationTextron, Inc.800911828009175612/23/2008 6:32:00 PM010300000101020001030600010102070101010085Press ReleaseTXT454366_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/454103_pr_framefitch/454103_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.H & R Block Inc.The CIT Group, Inc.Navistar Financial CorporationWheels IncOcwen Financial CorporationAmerican International Group, Inc.Xerox CorporationBombardier Inc.IBM International Group Capital LLCXerox Capital (Europe) Plc.Discover BankInternational Business Machines CorpXTRA LLCNavistar International CorporationHarley-Davidson Funding CorporationProvidian National BankStudent Loan Marketing AssociationCaterpillar Inc.Textron Financial CorporationHarley-Davidson Financial Services, Inc.XTRA Finance CorpXerox Credit CorporationLennar CorporationPHH CorporationCapital One Financial CorporationThornburg Mortgage Inc.SLM CorporationRyder System, Inc.GATX CorporationFinancial Federal CorporationGatx Financial CorporationCountrywide Bank, FSBDiscover Financial Services, IncBlock Financial LLCMBNA CorporationDoral Financial CorporationFinancial Federal Credit Inc.Countrywide Financial CorporationADVANTA CorporationTextron, Inc.Ibm India LimitedRegions Financial CorporationDoral BankHarley-Davidson, Inc.AmeriCredit CorporationRegions Bank800892278191475080091182800904718009103087019752800895298009175685315077804171798008928080091415800919038008918980089132800898338009106580091121800898218557527380091026800889478009034786115302800904568009114480089338800902458009112080091191806560258050369780089181800893668081440283549493800918038008922682509945800892768009139280091981800898488009107580089616800900848008933712/19/2008 6:35:00 PM010102020101030801030000010102100103140001010205010313010101030301010203010316000800000001010200010324000101030501031300010101000100000001010207010102060101020801010306080200000103050001010000010102010103060085Press ReleaseRFCOFHRBCATADVNAACFHOGXRXBBD.BTXTTMAIBMRGMTLENSLMAIGNAVCITDRLDFSOCNPHHFIF454103_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/690774spcred/690774normThe latest News from S&Pglobalstructured12/16/2008 6:35:00 PM100News690774United StatesIndustrial ConglomeratesCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Dec. 16, 2008--Standard&Poor's Ratings Services said today that it lowered its long-term ratings on Textron Inc., including the long-term corporate credit rating, to 'BBB+' from 'A-'. The outlook is negative. All ratings were removed from CreditWatch, where they were placed with negative implications on Oct. 16, 2008. The 'A-2' short-term corporate credit rating was not on CreditWatch and is affirmed. Total debt outstanding is about $2.3 billion. "The action reflects primarily the weaker-than-expected financial performance of wholly owned finance unit Textron Financial Corp. (TFC) and resultant exposure to Textron," said Standard&Poor's credit analyst Roman Szuper. A related release on Textron Financial is to be published following this release. TFC contributed aboutUSA88320N88320K88320J88320P88320A88320B88320C88320320105010 201050 2010 20Textron Inc.102322CANEMERGINGEUROMIDAFRLATAMERICAUSATXTNEWSUSA88319Q88319Z88320F88320D88319988319W88320E40201040 402010 4020 40Textron Financial Corp.104223CANLATAMERICAASIAEMERGINGUSA3339ZGLOBISSSTRUCFICORPABSCDOAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/690775spcred/690775normThe latest Research Update from S&Pglobalstructured12/16/2008 6:35:00 PM175Research Update690775United StatesIndustrial ConglomeratesCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAerospace & DefenseResearch UpdateOn Dec. 16, 2008, Standard&Poor's Ratings Services lowered its long-term ratings on Textron Inc., including the long-term corporate credit rating, to 'BBB+' from 'A-'. The outlook is negative. All ratings were removed from CreditWatch, where they were placed with negative implications on Oct. 16, 2008. The 'A-2' short-term corporate credit rating was not on CreditWatch and is affirmed. Total debt outstanding is about $2.3 billion. The action reflects primarily the weaker-than-expected financial performance of wholly owned finance unit Textron Financial Corp. (TFC) and resultant exposure to Textron. See related release on Textron Financial, which will follow shortly. TFC contributed about 15% of consolidated operating income in recent years. The goodwill impairment of about $170 million at TFC, coupledUSA88320N88320K88320J88320P88320A88320B88320C88320320105010 201050 2010 20Textron Inc.102322CANEMERGINGEUROMIDAFRLATAMERICAUSATXTRESUPDUSA88320E88319W88319988319Q88319Z88320D88320F40201040 402010 4020 40Textron Financial Corp.104223LATAMERICAASIACANEMERGINGUSA3339ZGLOBISSSTRUCFICORPABSCDOAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/77945cs/77945norm Textron #Q## Tearsheet TXT's credit profile is supported by consistent FCF generation and a healthy balance sheet. TXT boasts a fairly diverse revenue stream, but business portfolio is now more weighted towards the Aerospace and Defense...12/15/2008 12:16:41 PM15077945606YesC21Tearsheet140tearsheets/premium477945Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/452578_pr_framefitch/452578_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.TransDigm Group IncDRS Technologies, Inc.Engineered Support Systems, Inc.The Boeing CompanyUnited Technologies CorporationTransDigm IncHoneywell International Inc.Textron Financial CorporationTextron, Inc.Rockwell Collins, Inc.Finmeccanica Finance S.A.Finmeccanica SpANorthrop Grumman CorporationAlliant Techsystems, Inc.Bombardier Inc.Goodrich CorporationRaytheon CompanyL-3 Communications CorporationLockheed Martin CorporationGeneral Dynamics Corporation80360708800890538009094885334273800904568165892082478723800911488082817980361716831828528009054283182846804205688036150280089288800917568009118280417179823213118009107212/9/2008 10:17:00 AM01070000010102000103060001030000010101000100000001031500010400000101020785Press ReleaseFNCATKTDGGDBAGRRTNCOLUTXTXTBBD.BNOCHONLMT452578_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/452577_pr_framefitch/452577_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Cooper Us IncTextron, Inc.SPX CorporationAMETEK, Inc.Fluor CorporationParker-Hannifin CorporationTyco Electronics Ltd.Honeywell International Inc.Hubbell Inc.ITT CorporationDover CorporationThomas & Betts CorporationIDEX CorporationJohnson Controls, Inc.Flowserve CorporationCooper Industries, LimitedHarsco CorporationKennametal Inc.Eaton CorporationUnited Technologies CorporationRockwell Automation, Inc.Cooper Industries, LLC8008917685186674800910798009114685186873847804698008898885799873800896768008922480090875800892658008905380361716800923638009118280089977813736548250693680090072800890458009149912/9/2008 10:17:00 AM010309000103130001030000010315000103160001031302010306000103050085Press ReleaseAMETELPHFLSCBEFLRTXTDOVSPWJCIUTXHONTNBHUB.AROKITTETNHSCIEXKMT452577_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/77468cs/77468norm Textron Finance: #Q## ##-Q Cut Textron Finance asset quality continued to weaken in the third quarter and pressure is expected to remain on the portfolio in #Q## and in ####. Management decision to trim portfolio exposure in noncore...774682469YesD0Article1402171corp41810-Q Cuts54Euro Markets Issuers12/1/2008 11:06:00 PM150Given TFC's weakening earnings trajectory and need for parent support in 1Q09, we take a closer look at TFC's latest 10-Q for detailed segment performance and review its asset quality metrics.77468Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/bir/308572bir/308572normTextron Inc.Micromatic Operations Inc.Textron, Inc.Ransomes America Corp.Cushman Inc.Cone Drive Operations Inc.Cone Drive TextronLitchfield Financial Corp.Opto-Electronics Inc.United StatesManufacturing: Aerospace, aircraft and automotive components, golf carts, fasteners and watchbands.3721371437246159631137693452372839493364113327223363993364123364133364193399205222985241132417IMTXT11/12/2008 6:17:26 AM308572Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/T2018472ccbn/T2018472norm... - Goldman Sachs - AnalystGood morning, everybody. Thanks very much for coming. My name is Richard Safran. I am the aerospace and defense analyst at Goldman Sachs. It's my pleasure today to have with us Lewis B. Campbell, Chairman, President and Chief Executive Officer of Textron. And with that introduction, I will turn it over to you. ... 11/5/2008 6:07:00 PMTextron Inc.54.0000FinalTextron Inc. at Goldman Sachs Global Industrials Conference TranscriptTXT9:30am ETTranscriptT2018472Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/PR_165507_747000moodys/PR_165507_747000htmlGlobal Credit Research Rating Action ## OCT #### Rating Action: Textron Inc. Moody's affirms Textron and Textron Financial long-term rating at A#; Outlook to Negative New York, October ##, #### -- Moody's Investors Service affirmed...10/23/2008 12:50:31 AMhtmlTextron Inc.Textron Financial CorporationTextron Financial Canada Funding CorporationRansomes plcTextron Capital B.V.Ransomes plc; Textron Capital B.V.; ...747000746500600056682600051624600051623150.0000NewsRating ActionPR_165507_747000Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/446203_pr_framefitch/446203_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Textron Financial CorporationTextron, Inc.800911828009175610/21/2008 2:20:00 PM010300000103060001010207010102000101010085Press ReleaseTXT446203_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-28775962newstex/MCOM-0004-28775962xml Oct. ##, #### (M# Communications Ltd. delivered by Newstex) -- Multi-industry company Textron Inc (NYSE:TXT) on Thursday (## October) reported results for the third quarter of ####, ended ## September ####.Revenues for the quarter totalled...0400000004016000040160180401600310/17/2008 6:15:18 AM180000001800400018008000M2 EquityBitesMCOM-0004-28775962TEXTRON INCTEXTRON INC. $1.40 CONVERTIBLE PREFERRED DIVIDEND STOCK SERIES BTEXTRON INC. $2.08 CUMULATIVE CONVERTIBLE SERIES ATXTTXT PRATXT PRBNewsNewstexhttp://www.alacrastore.com/storecontent/cs/75396cs/75396norm Textron: Support Required for Ailing Textron Financial Along with #Q## results, TXT announced plans to materially downsize Textron Financial operations to focus mainly on the core Aviation Finance business. As part of the restructuring,...68Earnings Reports - Industrials/Consumer54Euro Markets Issuers33Capital Structure10/16/2008 11:06:00 PM150Downsizing TFC's portfolio to focus on core captive financing is only logical at this point in the economic cycle and given the brutal funding picture for medium finance companies. TXT is now stepping in with a capital injection for TFC.753961763YesD0Article140corp475396Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/677385spcred/677385normThe latest News from S&Pglobalstructured10/16/2008 6:27:00 PM100News677385United StatesIndustrial ConglomeratesEurope, Middle East, AfricaCanadaEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Oct. 16, 2008--Standard&Poor's Ratings Services today placed its long-term ratings on Textron Inc. and wholly owned finance unit Textron Financial Corp. (TFC) on CreditWatch with negative implications, including the 'A-' long-term corporate credit rating on Textron and 'A-' long-term counterparty credit rating on TFC. The 'A-2' short-term corporate credit ratings on both entities are affirmed and are not on CreditWatch. Total debt outstanding is about $2.3 billion at Textron and $7.5 billion at TFC. "The action reflects primarily weak third-quarter 2008 earnings at TFC, historically a material [10%-15% in some periods] operating profit contributor, with a strong likelihood of subpar results in 2009," said Standard&Poor's credit analyst Roman Szuper. Increase inUSA88320N88320K88320J88320P88320A88320B88320C88320320105010 201050 2010 20Textron Inc.102322EUROMIDAFRCANEMERGINGLATAMERICAUSATXTNEWSUSA88319Z88319988319W88320D88319Q88320E88320F40201040 402010 4020 40Textron Financial Corp.104223EMERGINGLATAMERICACANUSAASIA3339ZGLOBISSSTRUCFICORPABSCDOAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/677386spcred/677386normThe latest Research Update from S&Pglobalstructured10/16/2008 6:27:00 PM175Research Update677386United StatesIndustrial ConglomeratesEurope, Middle East, AfricaCanadaEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAerospace & DefenseResearch UpdateOn Oct. 16, 2008, Standard&Poor's Ratings Services placed its long-term ratings on Textron Inc. and wholly owned finance unit Textron Financial Corp. (TFC) on CreditWatch with negative implications, including the 'A-' long-term corporate credit rating on Textron and 'A-' long-term counterparty credit rating on TFC. The 'A-2' short-term corporate credit ratings on both entities are affirmed and are not on CreditWatch. Total debt outstanding is about $2.3 billion at Textron and $7.5 billion at TFC. The action reflects primarily weak third-quarter 2008 earnings at TFC, historically a material (10%-15% in some periods) operating profit contributor, with a strong likelihood of subpar results in 2009. Increase in the provision for credit losses and higher funding costs have significantly reducedUSA88320N88320K88320J88320P88320A88320B88320C88320320105010 201050 2010 20Textron Inc.102322EUROMIDAFRCANEMERGINGLATAMERICAUSATXTRESUPDUSA88320F88319W88319Z88320E88319988319Q88320D40201040 402010 4020 40Textron Financial Corp.104223LATAMERICACANEMERGINGASIAUSA3339ZGLOBISSSTRUCFICORPABSCDOAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1701295ccbn/B1701295norm...TXT reported #Q## revenue of $#.#b, up ##.#% YoverY. Results produced #Q## EPS from continuing operation of $#.##. Co. expects #Q## EPS from continuing operations $#.##-#.##, before restructuring and goodwill impairment. www.streetevents.comContact Us ... 10/16/2008 12:09:00 PMTextron Inc.54.0000EditedTextron Inc. Q3 2008 Earnings Conference Call SummaryTXT9:00am ETBriefB1701295Credit & Investment ResearchThomson StreetEvents