NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn its ratings for ITT Corp.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Fitch has withdrawn the following ratings for ITT Corp.: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'.
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)