Moody's: Commercial Vehicle to negative

Moody's Investors Service said it affirmed all long-term ratings of Commercial Vehicle Group, Inc., including the B2 corporate family rating, and revised the outlook to negative.

"The outlook revision to negative reflects the potential risk that expected improvement in very weak credit measures from an announced operational restructuring program may not be enough to offset only modest growth in Class 8 build rates over the near term," Ben Nelson, Moody's assistant vice president and lead analyst for Commercial Vehicle, said in a news release.

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