NEW YORK, July 28 (Reuters) - Dura Automotive Systems Inc.'s debt continued to fall on Friday as investors grew increasingly concerned that the company poses higher risk of defaulting on its debt, following its much-wider-than-expected second-quarter loss. "Its a bankruptcy risk," said Gregg Klein, high yield analyst at BNP Paribas in New York. "It's not dead, but it's taking on water." Dura, which makes parking brakes, pedals and gear shifts, posted a second-quarter loss from continuing ...
Premium Content (PAID Subscription Required)
"US CREDIT-Dura debt falls on bankruptcy fears" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.