TEXT-Moody's cuts Jason Inc.'s ratings


(The following statement was released by the ratings agency) MOODY'S DOWNGRADES JASON INC.'S RATINGS (SR. SEC. TO B3; SR. SUB. TO Caa2); OUTLOOK CHANGED TO NEGATIVE Approximately $243 Million of Debt Obligations Affected NEW YORK, Dec 24 - Moody's Investors Service downgraded the ratings for Jason Incorporated ("Jason") and changed the rating outlook to negative. . Moody's notes concern regarding the weakness in Jason's operating profitability and cash flow generation, particularly ...

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