TEXT-Moody's ups Collins & Aikman Products rtg to SGL-3

Newswire

(The following statement was released by the rating agency) Approximately $1.45 Billion Of Debt Obligations Affected NEW YORK, Dec 30 - Moody's Investors Service upgraded the speculative grade liquidity rating for Collins & Aikman Products Co. ("C&A") to SGL-3, from SGL-4. Moody's now considers C&A's prospective liquidity position over the next twelve months to be adequate. The improvement in the speculative grade liquidity rating to SGL-3 reflects the significant covenant ...

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