TEXT-Moody's may cut Euramax's ratings

Newswire

(The following statement was released by the ratings agency) Sept 25 - Moody's Investors Service placed the ratings of Euramax International, Inc. (Euramax) under review for possible downgrade. Moody's believes that the risk of financial covenant violations in 2008 has heightened due to growing softness in the company's end-markets, particularly within its European operations and building products segment. Moody's believes these markets will continue to soften into 2009. As a result, the ...

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