TEXT-Moody's upgrades Shiloh on reform progress

Newswire

(News release provided by the ratings agency) NEW YORK, Nov 25 -- Moody's Investors Service upgraded the ratings of Shiloh Industries Inc in acknowledgment of Shiloh's progress with regard to operating efficiency and cash flow performance, and the corresponding enhancement of the company's credit protection measures over the past eighteen months. The outlook remains negative due to liquidity concerns. Moody's executed the following specific rating actions: - Upgrade to Caa1, from Caa2, ...

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