Moody's Investor Service said that its ratings for International Automotive Components Group, S.A. (IACG) -- Caa1 corporate family rating (CFR); Caa3-PD probability of default rating; Caa3 senior secured notes rating -- are well positioned and unaffected by the company's recent announcement gove...
Moody's Investors Service, ("Moody's") downgraded International Automotive Components Group, S.A.'s (IACG) Probability of Default Rating (PDR) to Caa3-PD from Caa1-PD. Moody's also affirmed IACG's Caa1 Corporate Family Rating (CFR) and the Caa3 rating on the company's senior secured no...
CORPORATES ISSUER COMMENT 22 December 2016 Contacts Inna Bodeck +1 212 553 7288 Analyst [email protected] Alexandra S. Parker 212-553-4889 MD-Corporate Finance [email protected] International Automotive Components Group IAC’s announced 70% sale of soft trim assets is credit negative; ratings including B2 CFR not affected IAC’s announced plan to sell Shanghai Shenda Co. Ltd. (Shenda)
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