Moody's cuts Collins & Aikman deeper into junk


NEW YORK, March 21 (Reuters) - Moody's Investors Service on Monday cut all debt and corporate ratings of Collins & Aikman Products Co. by two steps, pushing the company further into junk status, with a negative outlook, citing challenges within the auto parts supplier and its industry.

Moody's also cut its speculative-grade liquidity rating on the company to "SGL-4," which implies it has weak liquidity.

Moody's cut the company's senior implied rating to "B3" from "B1," among others.



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