Moody's cuts Collins & Aikman deeper into junk

Newswire

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.

Premium Content (PAID Subscription Required)

"Moody's cuts Collins & Aikman deeper into junk" 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) ×