TEXT-Moody's may cut Navistar Int'l ratings

Newswire

(The following statment was released by the rating agency) Approximately $1.16 Billion of Debt Securities Affected. NEW YORK, Oct 30 - Moody's Investors Service is reviewing the Ba1 ratings of Navistar International Corporation and Navistar Financial Corporation (NFC) for possible downgrade. The review is prompted by the prolonged downturn in Navistar's truck and engine operations, the cash outflow associated with the company's just-announced restructuring program, and the decision by ...

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