TEXT-S&P revises Metaldyne outlook to negative


(The following statement was released by the rating agency) NEW YORK, March 30 - Standard & Poor's Ratings Services said today that it affirmed its 'BB-' corporate credit and senior secured bank loan ratings on Metaldyne Corp. and the 'B' senior unsecured and subordinated debt ratings. The outlook was revised to negative from stable. The Plymouth, Mich.-based auto supplier had approximately $932 million in total debt outstanding at Sept. 28, 2003, including operating leases. "The ...

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