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Moody's gives B3 rating to wheel maker emerging from chapter 11
Thursday, January 7, 2010
Moody’s has assigned a B3 corporate rating with stable outlook to Hayes Lemmerz, the US car and truck wheel manufacturer that recently emerged from Chapter 11. The rating comes after S&P last month assigned the firm a B- issue rating.
Although Hayes cut its debt by two-thirds in the bankruptcy process, its liquidity remains thin.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
