TEXT-S&P cuts Metaldyne Corp to 'D' from 'CCC-'

Newswire

(The following statement was released by the rating agency) May 28 - Standard & Poor's Ratings Services today lowered its corporate credit rating on Plymouth, Mich.-based Metaldyne Corp. to 'D' and lowered various issue-level ratings. The rating actions were prompted by Metaldyne filing for Chapter 11 bankruptcy protection on May 28, 2009, in New York. Deutsche Bank AG has agreed to provide an $18.5 million debtor-in-possession financing facility. Some of Metaldyne's customers are ...

Premium Content (PAID Subscription Required)

"TEXT-S&P cuts Metaldyne Corp to 'D' from 'CCC-'" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×