TEXT-S&P to rate Mark IV 'B'/negative on bkrtcy exit

Newswire

(The following statement was released by the rating agency) Sept 29 - Standard & Poor's Ratings Services today said it expects to assign its 'B' corporate credit rating and a negative outlook to Amherst, N.Y.-based automotive supplier Mark IV LLC upon the company's emergence from Chapter 11 bankruptcy protection. Mark IV LLC, a new entity expected to be formed upon emergence from bankruptcy, would be the indirect parent of Mark IV Industries Inc. (D/--/--), which, with certain U.S. ...

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