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The following content is a news release distributed by . The original news release may be found here.

Moody’s Rating Upgrades Manitowoc to B1 from B2

MILWAUKEE--(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 businesse...

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