TEXT-Moody's affirms Titan International, outlook to pos

Newswire

(The following statement was released by the ratings agency) Sept 23 - Moody's Investors Service has changed the rating outlook of Titan International, Inc to positive from stable and affirmed the company's B2 corporate family and probability of default ratings. The outlook change to positive reflects significant revenue growth and margin improvement during the first half of 2008, and the progress Titan has made toward commencing large mining tire and wheel production. The company's ...

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