Fitch Affirms Ingredion Incorporated's IDR at 'BBB'; Outlook Stable

Fitch Ratings has affirmed Ingredion Incorporated's Long-Term Issuer Default Rating at 'BBB' and Short-Term IDR at 'F2', with a Stable Outlook. The ratings reflect Ingredion's diverse product portfolio, strategic investments, and operational efficiencies. Fitch expects reduced earnings volatility and improved margins, with strong financial discipline supporting growth investments, M&A, and shareholder returns. Ingredion's target is to maintain net leverage in the low-2x range, with EBITDA margins projected to sustain in the high teens over the medium term.