Titan International, Inc.: Update following affirmation of B1 CFR, change in outlook to stable
Our credit view of this issuer reflects its good geographic diversification and periods of modest or even negative free cash flow.Titan International is a wheel, tire, and undercarriage industrial manufacturer and supplier servicing customers across the globe. The company has three segments: agricultural, which provides agricultural rims, wheels, tires, and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, skidders, plows, and planters; earthmoving/construction, which manufactures rims, wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction and forestry equipment; and consumer, which manufactures bias truck tires in Latin America and light truck tires in Russia.
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