Moody’s Rating Upgrades Manitowoc to B1 from B2
17 Juli 2024 - 2:30PM
Business Wire
The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or
“Manitowoc”) is pleased to share that Moody's Ratings (Moody's) has
upgraded the Company’s credit rating to B1 from B2, reflecting the
Company’s solid operating performance.
“This upgrade is a testament of Manitowoc’s efforts to
structurally reduce our exposure to cyclicality by deliberately
targeting growth in the higher margin and more stable aftermarket
parts and services and other non-new machine businesses via our
CRANES+50 strategy,” said Aaron H. Ravenscroft, President and Chief
Executive Officer.
About The Manitowoc Company, Inc.
The Manitowoc Company was founded in 1902 and has over a
120-year tradition of providing high-quality, customer-focused
products and support services to its markets. Headquartered in
Milwaukee, Wisconsin, United States, Manitowoc is one of the
world's leading providers of engineered lifting solutions.
Manitowoc, through its wholly-owned subsidiaries, designs,
manufactures, markets, distributes, and supports comprehensive
product lines of mobile hydraulic cranes, lattice-boom crawler
cranes, boom trucks, and tower cranes under the Aspen Equipment,
Grove, Manitowoc, MGX Equipment Services, National Crane, Potain,
and Shuttlelift brand names.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240716405328/en/
Ion Warner SVP, Marketing and Investor Relations +1
414-760-4805
Manitowoc (NYSE:MTW)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Manitowoc (NYSE:MTW)
Historical Stock Chart
Von Nov 2023 bis Nov 2024