US CREDIT-Dura debt falls on bankruptcy fears


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 ...

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