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Accuride Corp. 'B' Corporate Credit Rating And Other Ratings Affirmed; Outlook Stable Aug 11
Standard & Poors, August 2011
Evansville, Ind.-based truck wheel and component manufacturer Accuride Corp.'s sales and profitability continue to benefit from strong commercial vehicle demand. Nevertheless, we now expect free cash flow to be negative in 2011 as the company raises the level of capex to strengthen its businesses. We are affirming the 'B' corporate credit rating and stable outlook because we believe the company's credit measures will stay in line with our leverage and liquidity expectations for the current rating. NEW YORK (Standard & Poor's) Aug. 22, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B' corporate credit rating and stable outlook on Evansville, Ind.-based Accuride Corp. We also affirmed the 'B' issue-level rating and '3' recovery rating to Accuride's issuance...
Companies mentioned in this report are: Accuride Corp.
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.