S&P Global Ratings has revised TITAN SA’s (Brussels:TITC) outlook to ‘Positive’ while affirming its ‘BB+’ long-term credit rating. This decision reflects TITAN Group’s continued robust financial performance and the effectiveness of its supportive financial policies.

S&P’s report highlights the Group’s resilient results driven by its strong operations. The positive outlook demonstrates S&P views that they could raise the long-term rating to ‘BBB-‘ over the next 12-18 months, if TITAN keeps its financial leverage at the lower end of its 1.5x-2.0x target, and meets other financial metrics.

S&P’s decision, along with Fitch’s recent revised outlook, confirms TITAN’s sustainable growth, recognizes its strong financial discipline and positive prospects.

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