Moody's says Hillenbrand's limited near-term progress towards lowering leverage is credit negative but potential sale of Cimcool could boost process
Announcement: Moody's says Hillenbrand's limited near-term progress towards lowering leverage is credit negative but potential sale of Cimcool could boost process. Global Credit Research- 13 Jan 2020. New York, January 13, 2020-- Moody's Investors Service said Hillenbrand Inc.' s delayed progress in demonstrating near-term improvement in credit metrics following the Q4 2019 purchase of Milacron Holdings Corp. is credit negative but the Baa3 senior unsecured rating or...Hillenbrand is a global industrial company with several brands that serve a variety of industries. The company's segments are: Process Equipment Group, which designs, engineers, manufactures, markets, and services process and material handling equipment and systems for a variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials; and Batesville?, which is engaged in the death care industry in North America, where it designs, manufactures, distributes, and sells funeral service products and solutions to funeral directors operating funeral homes.
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