Moody's cuts ArvinMeritor deeper into junk status

Newswire

NEW YORK, June 23 (Reuters) - Moody's Investors Service on Thursday cut ArvinMeritor Inc.'s debt ratings deeper into junk status, citing tough conditions for its light vehicle systems unit and reduced liquidity. Downgrades usually raise a company's borrowing costs. Moody's cut the company's corporate family and senior unsecured ratings to "Ba2," which is two steps below investment grade, from "Ba1."

Premium Content (PAID Subscription Required)

"Moody's cuts ArvinMeritor deeper into junk status" 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.

Sponsored Introduction Continue on to (or wait seconds) ×