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Ferro Announces Raised Corporate Credit Ratings by Standard Poor’s

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CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE, the “Company”) today announced that on July 30, 2015, Standard & Poor’s (“S&P”) raised its corporate credit rating on both the Company and its issue-level debt to ‘BB-‘ from ‘B+’ and maintained the outlook as “stable.” S&P based the upgrade on the Company’s generation of stronger EBITDA margins as a result of acquiring higher EBITDA-generating companies, exiting more-cyclical businesses, and achieving cost savings through res

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