Moody's cuts Visteon's debt ratings, may cut again

Newswire

NEW YORK, Feb 18 (Reuters) - Moody's Investors Service on Friday cut Visteon Corp.'s debt ratings deeper into junk status and said it may cut them again, citing factors including rising materials prices for the auto parts maker and declining production from key Visteon customer Ford Motor Co. . Visteon last month reported a preliminary fourth quarter net loss. As high inventories lower Ford's production, Visteon's top line revenue is being squeezed. Meanwhile, rising prices for raw ...

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