TEXT-Moody's release on GKN Holdings plc

Newswire

(The following statement was released by the rating agency) Oct 30 - Moody's today has placed under review for possible downgrade the Baa3 senior unsecured debt ratings of GKN Holdings plc . Rainer Neidnig, lead analyst for GKN Holdings plc, said: "Today's rating action reflects Moody's concern that the rapidly deteriorating environment in GKN's core automotive segment might result in credit metrics at levels below what is required for the Baa3 rating category." Neidnig went on: "While ...

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