Moody's: Baldor unchanged

Moody's Investors Service said it said Baldor Electric Co.'s B1 corporate family rating is not currently affected by the company's announcement that it began the process to amend its bank credit agreement for relief under its senior secured and total leverage covenants.

According to the agency, the last rating action was on Jan. 20, at which time Baldor's B1 corporate family rating was affirmed, the outlook revised to negative from stable, and the speculative-grade liquidity rating was lowered to SGL-3 from SGL-1.

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