TEXT-S&P cuts Mark IV Industries to 'B-'

Newswire

(The following statement was released by the rating agency) Oct 3 - Standard & Poor's Ratings Services today said it has lowered its corporate credit rating on Mark IV Industries Inc. to 'B-' from 'B'. We also lowered our ratings on the company's debt issues. The outlook is negative. "The downgrades reflect Mark IV's high leverage and thin cash flow ratios, which remain weaker than our expectations for the previous ratings," said Standard & Poor's credit analyst Gregg Lemos ...

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