NEW YORK, Nov 23 (Reuters) - Fitch Ratings on Tuesday raised its ratings on Dana Corp. and said it may raise them again to investment-grade status, citing expectations of lower debt. Fitch raised Dana Corp.'s senior unsecured rating to "BB-plus," the highest junk rating, from "BB." The ratings could be raised to "BBB-minus," depending on how Dana uses proceeds from the sale of its Automotive Aftermarket Group, Fitch said in a statement. Dana's $2 billion of net debt could be reduced by ...
Premium Content (PAID Subscription Required)
"Fitch raises rating on Dana Corp, may raise again" 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
Lisa Williamson by email: email@example.com or phone: (248) 799-2642