TEXT-S&P revises Navistar International outlook to stable

Newswire

(The following statement was released by the rating agency) -- Our view of Navistar's liquidity has improved following the company's cash flow generation in recent quarters and its refinancing of near-term debt maturities. -- Navistar's profitability may weaken in 2010 from fiscal 2009 levels on lower military revenues, but we expect free cash flow from manufacturing operations to remain positive. -- We are revising our outlook on Navistar and related entities to stable from negative ...

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