TEXT-Fitch cuts Hayes Lemmerz's IDR to 'CCC'; on watch neg

Newswire

(The following statement was released by the ratings agency) Feb 26 - Fitch Ratings has downgraded the Issuer Default Ratings (IDRs) and outstanding debt ratings of Hayes Lemmerz International Inc. (HAYZ) and its subsidiaries as follows: Hayes Lemmerz International, Inc. --IDR to 'CCC' from 'B-'; HLI Operating Company, Inc. (HLI Opco) --IDR to 'CCC' from 'B-'; --Senior secured revolving credit facility to 'B-/RR3' from 'B+/RR2'; Hayes Lemmerz Finance - Luxembourg S.A. (European ...

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