TEXT-Fitch lowers GITI Tire rating to 'B-'


(The following statement was released by the rating agency) Oct 06- -- GITI's liquidity is likely to remain strained over the next 12 months because of substantial cash outflows despite the refinancing of the company's notes. -- We believe the China-based tire manufacturer's headroom under the maintenance covenants of its new club loan is thin. -- We are lowering our corporate credit rating on GITI to 'B-' from 'B' and our Greater China scale credit rating to 'cnB-' from 'cnBB-'. ...

Premium Content (PAID Subscription Required)

"TEXT-Fitch lowers GITI Tire rating to 'B-'" 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
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×