New York, May 16, 2016 -- Moody's Investors Service commented that Terex Corporation's (Terex) announcement to sell its Material Handling and Port Solutions business to Konecranes plc has no short term ratings impact on Terex's ratings. The transaction is viewed as credit positive over the long-term as it should provided significant liquidity to Terex once the transaction closes in early 2017. For more details please see www.moodys.com.
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