S&P Global Ratings upgrades RTX to A- on strong demand and debt reduction
In short
The revised credit tier positions RTX more favorably following positive evaluations of its operational momentum. S&P Global Ratings evaluated the firm's balance sheet actions, specifically noting its progress in paying down existing liabilities. These ongoing debt reduction efforts paired with robust customer demand provided the necessary foundation for the credit revision.
Key points
- Credit evaluators determined the company's balance sheet has strengthened through sustain…: Credit evaluators determined the company's balance sheet has strengthened through sustained liability management.
- Robust customer demand continues to provide financial support for the company's business…: Robust customer demand continues to provide financial support for the company's business activities.
- The revised rating directly reflects positive momentum in overall debt reduction for the…: The revised rating directly reflects positive momentum in overall debt reduction for the organization.