TEXT-Moody's cuts Collins & Aikman debt ratings


(The following statement was released by the rating agency) MOODY'S DOWNGRADES THE RATINGS OF COLLINS & AIKMAN PRODUCTS, CONCLUDING REVIEW FOR POSSIBLE DOWNGRADE; OUTLOOK NEGATIVE Approximately $1.45 Billion Of Debt Obligations Affected NEW YORK, Aug 22 - Moody's Investors Service downgraded the debt ratings and speculative grade liquidity rating for Collins & Aikman Products Co. ("C&A"), concluding the review for possible downgrade initiated on May 20, 2003. C&A's ...

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