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Walbro's debt rating downgraded
Standard & Poor's drops its outlook to negative from stable for Walbro Corp., the Cass City, MI-based fuel-system components supplier. Walbro's board suspends its dividend in March. The company has faced delays on new product launches, is grappling with excess capacity and has not yet recouped heavy investments in plastic fuel-tank technology.
April 1, 1998
1 Min Read
Standard & Poor's drops its outlook to negative from stable for Walbro Corp., the Cass City, MI-based fuel-system components supplier. Walbro's board suspends its dividend in March. The company has faced delays on new product launches, is grappling with excess capacity and has not yet recouped heavy investments in plastic fuel-tank technology.
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