NEW YORK, March 30 (Reuters) - Standard & Poor's on Wednesday cut the debt ratings of Collins & Aikman Corp. further into junk status with a negative outlook, citing poor cash flow and high debt levels. S&P cut the auto supplier's corporate credit rating by two notches to "CCC-plus," which implies a highly speculative credit, from "B," among other ratings. S&P also cited the company's "constrained liquidity" stemming from accounting problems and problems of the auto ...
Premium Content (PAID Subscription Required)
"S&P cuts Collins & Aikman debt 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642