Ferro Corporation -- Moody's lowers Ferro's liquidity rating to SGL-3

New York, July 05, 2016 -- Moody's Investors Service, ("Moody's") lowered Ferro Corporation's Speculative Grade Liquidity (SGL) Rating to SGL-3 from SGL-2 due to increased reliance on its revolving facility to support its acquisitive growth strategy, partial pay down of its term loan, and potential increase in precious metals leases in a rising price environment. The company's existing ratings, including the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, and Ba3 rating on its term loan and revolver are unchanged. The outlook remains stable.

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