Moody's changes Lear's outlook to negative

Newswire

NEW YORK, April 22 (Reuters) - Moody's Investors Service on Friday changed Lear Corp.'s outlook to negative from stable, citing the company's significant reduction in first quarter earnings and negative earnings guidance for the rest of 2005. A negative outlook indicates a ratings downgrade is more likely in the next 12-18 months. Moody's confirmed Lear's "Baa3" senior unsecured rating, which is one notch above junk. Lear Corp. is an auto interior supply company whose customers include ...

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