Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Moody’s Rating Upgrades Manitowoc to B1 from B2 By: The Manitowoc Company, Inc. via Business Wire July 17, 2024 at 08:30 AM EDT 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/Contacts Ion Warner SVP, Marketing and Investor Relations +1 414-760-4805 Stock Quote API & Stock News API supplied by www.cloudquote.io Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Moody’s Rating Upgrades Manitowoc to B1 from B2 By: The Manitowoc Company, Inc. via Business Wire July 17, 2024 at 08:30 AM EDT 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/Contacts Ion Warner SVP, Marketing and Investor Relations +1 414-760-4805
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/
