UPDATE 1-Moody's, S&P slash Dana Corp.'s debt ratings


(Adds Moody's rating, background) NEW YORK, Feb 24 (Reuters) - Moody's Investors Service and Standard & Poor's on Friday cut their ratings on Dana Corp. deeper into junk status, after reports that the auto parts supplier has hired a restructuring firm. The Wall Street Journal on Friday reported that Dana has hired Miller Buckfire & Co. as the auto and truck parts maker grapples with financial losses and operational problems. The firm is considered among the top tier of ...

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