Moody's cuts HLI Operating view to negative

Moody's Investors Service said it affirmed the ratings of HLI Operating Co.'s (Hayes Lemmerz) corporate family and senior secured first-lien at B3, second-lien term loan at Caa1 and senior unsecured rating at Caa3, but changed the outlook to negative.

Moody's said the ratings reflect the company's continuing weak operating results over the most recent last-12-month period resulting from lower production volumes in North America, ongoing pricing pressures from OEMs and higher raw material and energy costs.

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