Fitch Withdraws Ratings for ITT, Corp. Following Reorganization

NEW YORK--()--Fitch Ratings has withdrawn its ratings for ITT Corp. following the company's internal reorganization on May 16, 2016 and Fitch's assignment of ratings for the newly reorganized entity, ITT, Inc.

Fitch has withdrawn the following ratings for ITT Corp.:

--Long-Term IDR 'BBB+';

--Senior unsecured credit facility 'BBB+';

--Short-Term IDR 'F2';

--Commercial paper 'F2'.

Date of Relevant Rating Committee: April 21, 2016

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869362

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1004762

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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Contacts

Fitch Ratings
Primary Analyst
David Petu
Director
+1-212-908-0280
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Akin Adekoya
Director
+1-212-908-0312
or
Committee Chairperson
Michael Weaver
Managing Director
+1-312-368-3156
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
David Petu
Director
+1-212-908-0280
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Akin Adekoya
Director
+1-212-908-0312
or
Committee Chairperson
Michael Weaver
Managing Director
+1-312-368-3156
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com