NEW YORK, Jan 19 (Reuters) - Moody's Investors Service on Friday cut its rating on ArvinMeritor Inc. , saying profits of the car and truck parts maker will likely remain under pressure despite recent progress in cutting debt.
Like other U.S. parts makers, ArvinMeritor has been pressured by significant production cuts at several of its largest light vehicle customers. It has been supported by strength in its heavy truck parts business. For details see [ID:nN14340176].
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