Howmet Aerospace gets two-notch upgrade from Moody’s and Fitch

The company states: “Howmet Aerospace reported the following actions taken by rating agencies Moody’s and Fitch. On August 6, 2024, Moody’s upgraded Howmet Aerospace’s senior unsecured ratings from Baa3 to Baa1, the commercial paper ratings from P-3 to P-2, and the preferred stock ratings from Ba2 to Baa3. The senior unsecured rating change is a two-notch upgrade from the prior rating. The rating outlook was revised from positive to stable. On August 6, 2024, Fitch affirmed Howmet Aerospace’s senior unsecured debt ratings at BBB, the short-term and commercial paper ratings at F2, and the preferred stock ratings at BB+. The rating outlook was revised from stable to positive.”