UPDATE 2-Rieter able to secure financing, no cap hike needed

Newswire

(Adds more details, analysts comment) By Oliver Hirt ZURICH, Jan 30 (Reuters) - Swiss auto parts and textile company Rieter is optimistic about being able to get cash from banks and does not plan to go for a capital hike, the group's head told Reuters on Friday, boosting its shares. Rieter, which said it will post a net loss in 2008 as the slump in the German auto industry takes its toll, is still confident about getting the necessary financing from banks thanks to its solid balance ...

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