Moody's, S&P slash Dana's debt ratings

Newswire

NEW YORK, March 2 (Reuters) - Moody's Investors Service and Standard & Poor's on Thursday cut their ratings on Dana Corp. , citing the auto and truck part supplier's failure to make an interest payment on two of its bonds.

Dana failed to make $21 million of interest payments due on Wednesday on its 6.5 percent bond ...

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