S&P revises Lear's outlook to negative

Newswire

NEW YORK, April 28 (Reuters) - Standard & Poor's on Thursday revised Lear Corp.'s debt ratings outlook to negative, potentially setting the stage for a downgrade to junk, citing the auto supplier's weak earnings and cash flow amid difficult industry conditions. An outlook revision to negative signals a higher chance of a company's debt ratings being cut within the next two years. Lear's corporate credit rating, at "BBB-minus," is a step above junk status, and a downgrade below ...

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