Industry News
S&P Changes Ashland’s Industry Classification
Published on 2005-07-06. Author :
SpecialChem
COVINGTON, Ky. -- Ashland Inc. (NYSE: ASH) received notification
recently that it is now listed under a new sub-industry group by Standard
and Poor's (S&P). S&P, a global provider of independent credit
ratings, indices, risk evaluation, investment research, data and valuations,
now lists Ashland in the (15101020) Diversified Chemicals sub-industry
group of the Global Industry Classification Standard (GICS).
"Being listed under the Diversified Chemicals classification
better reflects our businesses and should result in a more appropriate
market capitalization," said Daragh Porter, vice president, finance
and treasurer with responsibility for investor relations.
Ashland Inc. (NYSE: ASH) is a Fortune 500 chemical and
transportation construction company providing products, services and customer
solutions throughout the world.
Source: Ashland Inc.
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