HELSINKI, Finland, Sept. 21, 2015 (GLOBE NEWSWIRE) -- As part of reaching Metso's cost-efficiency targets Metso has assessed, that a rating from one rating service provider is sufficient. Metso has evaluated and tendered the rating services from the current service providers. As a result of this evaluation Metso has decided to terminate its current rating relationship with Moody's Investors Service, and will continue cooperation with Standard & Poor's Rating Services. The termination is effective as of today. If Moody's continues to rate Metso's existing outstanding bonds, these ratings will be based on publicly available information only.
Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in more than 50 countries. Expect results.
For further information, please contact:
Minna Helppi, SVP Group Treasurer, Metso Corporation, tel. +358 20 484 3195, email: email@example.com
Jussi Ollila, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, email: firstname.lastname@example.org