S&P Changes Ashland’s Industry Classification

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.