Moody's cut Dura Automotive's credit ratings

Newswire

NEW YORK, July 28 (Reuters) - Moody's Investors Service on Friday cut Dura Automotive Systems Inc. , and its unit Dura Operating Corp., citing the company's exposure to declining production at automakers. "The company's results have been impacted by market share losses of its Big 3 original equipment manufacturer customers, slower growth in Europe, higher raw material pricing, and the loss of its GMT 800 seat adjuster business and other business mix issues," Moody's said in a statement. ...

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