HARRISBURG, Pa., May 6, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that the Company's investment-grade A-/A-2 credit ratings have been reaffirmed by Standard & Poor's for the ninth year in a row.
The report from S&P cites Harsco's "strong business risk profile, characterized by its leading and low-cost positions" and says the Company's "good operating margin and market-leading businesses, combined with the positive effects of cost-cutting initiatives, should contribute to continuing solid cash flows."
Commenting on the S&P rating, Harsco Chairman and CEO Salvatore D. Fazzolari said, "There are certain fundamentals at Harsco that are sacrosanct, and one of the most important is maintaining our 'A' level credit rating. We are delighted by this solid reaffirmation of our worldwide business profile, prudent financial management, and stable outlook."
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
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