Fitch Plans to Withdraw Ratings of Textron and Textron Financial

Fitch Ratings plans to withdraw the ratings on Textron Inc. (TXT) and Textron Financial Corporation (TFC) on Nov. 20, 2014 for business reasons. Fitch currently rates TXT and TFC as follows:

Textron Inc.

--Issuer Default Rating (IDR) 'BBB-';

--Senior unsecured bank credit facility 'BBB-';

--Senior unsecured bank term loan 'BBB-';

--Senior unsecured notes 'BBB-';

--Short-term IDR 'F3';

--Commercial paper 'F3'.

Textron Financial Corporation

--IDR 'BBB-';

--Senior unsecured debt 'BBB-';

--Junior subordinated notes 'BB'.

The Rating Outlook is Stable.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal of TXT's ratings as a courtesy to investors.

Fitch's last rating action occurred on Dec. 27, 2013 when Fitch affirmed TXT's ratings after the announcement of an agreement to acquire Beechcraft.

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

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