Aug. 22 at 12:03 AM
Moody’s Ratings affirmed TTM Technologies’ Ba2 corporate family rating, Ba2-PD probability of default rating, Ba1 secured bank credit facility rating, and Ba3 senior unsecured debt rating, while raising the outlook from Stable to Positive.
The outlook change reflects strong revenue and profitability growth driven by robust demand for AI-related data-center computing and networking, along with sustained aerospace and defense demand. Moody’s expects TTM’s revenue to reach around
$4 billion in 2026, roughly double its 2024 level.
The Positive outlook also reflects TTM’s ability to keep leverage below 2.5x debt/EBITDA despite recent acquisitions, including the planned
$1.1 billion acquisition of Epiq Solutions and deals involving Swiss Technology Group AG and ILFA GmbH. Moody’s said these transactions have significantly improved the company’s scale and diversification.
$TTMI