TEXT-Moody's cuts Commercial Vehicle Grp CFR to Caa2

Newswire

(The following statement was released by the rating agency) Approximately $150 million of rated securities affected March 30 - Moody's downgraded Commercial Vehicle Group, Inc.'s (CVGI) ratings including the corporate family rating which was lowered to Caa2 from B3 and the probability of default rating which was lowered to Caa3 from B3. The rating outlook remains negative. The SGL-4 speculative grade liquidity rating was affirmed. The downgrades reflect Moody's concerns about CVGI's ...

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