CORRECTED - Schefenacker bonds fall again as S&P cuts rating

Newswire

Corrects day in paragraph 1 to Wednesday from Tuesday. LONDON, Aug 30 (Reuters) - Bonds of German auto parts maker Schefenacker fell on Wednesday after ratings agency Standard & Poor's downgraded the company one notch to CCC+ and said it was increasingly concerned about possible debt covenant breaches. Schefenacker's 9.5 percent euro bond due 2014 was bid at 57 percent of face value by 1045 GMT, a trader said, having earlier been as high as 62 percent of face value, buoyed by results ...

Premium Content (PAID Subscription Required)

"CORRECTED - Schefenacker bonds fall again as S&P cuts rating" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×