TEXT-Moody's cuts MSX International's rating to Caa1

Newswire

(The following statement was released by the rating agency) Approximately $205 Million of Long-Term Debt Securities Affected Dec 30 - Moody's Investors Service downgraded MSX International, Inc.'s ("MSXI") corporate family rating to Caa1 from B3. Moody's also downgraded the $205 million 12.5% senior secured notes due 2012 that are obligations of various international subsidiaries to B3 from B2. The downgrade reflects Moody's concern over the company's decline in operating earnings for ...

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