TEXT-Moody's assigns Meridian Automotive snr implied rtg

Newswire

(The following statement was released by the rating agency) Approximately $550 Million Of Debt Obligations Affected NEW YORK, March 23 - Moody's Investors Service assigned ratings for Meridian Automotive Systems, Inc. ("Meridian") in conjunction with the company's proposed recapitalization. The rating outlook is stable. Meridian was rated previously, but has not had public debt ratings in effect since February 2001. Meridian plans to obtain $550 million of new guaranteed senior secured ...

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