Moody's Ratings affirms Hillenbrand's Ba1 CFR; outlook changed to negative
Moody's Ratings (Moody's) affirmed Hillenbrand, Inc.'s (Hillenbrand) ratings, including the Ba1 corporate family rating (CFR), Ba1-PD probability of default rating and the Ba1 senior unsecured debt rating. We also changed the outlook to negative from stable. The SGL-2 speculative grade liquidity rat...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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