Textron Inc.'s Proposed Debt Rated 'BBB'

NEW YORK (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings today assigned its 'BBB' issue-level rating to Textron Inc.'s proposed debt. We expect the company will use the proceeds from this offering for general corporate purposes, including to repay its $350 million notes maturing in March 2025. Our 'BBB' issuer credit rating and stable outlook on Textron Inc. are unchanged. We anticipate the proposed debt issuance will only marginally increase the company's leverage, thus we expect its credit measures will remain comfortably within our expectations. Textron's fiscal-year 2024 performance, which included expanding its revenue while maintaining EBITDA margins of approximately 11%, was in line with our expectations. We anticipate the company will further expand its top-line revenue over the next

...February 10, 2025 NEW YORK (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings today assigned its '###' issue-level rating to Textron Inc.'s proposed debt. We expect the company will use the proceeds from this offering for general corporate purposes, including to repay its $350 million notes maturing in March 2025. Our '###' issuer credit rating and stable outlook on Textron Inc. are unchanged. We anticipate the proposed debt issuance will only marginally increase the company's leverage, thus we expect its credit measures will remain comfortably within our expectations. Textron's fiscal-year 2024 performance, which included expanding its revenue while maintaining EBITDA margins of approximately 11%, was in line with our expectations. We anticipate the company will further expand its top-line revenue over the next two years, primarily due to robust aircraft demand and the continued ramp-up of the Future Long-Range Assault Aircraft program in its Bell segment. We expect Textron's divestment...

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