DEBT RATINGS ON EVENFLO & SPALDING LOWERED.
The company confirms the action by Moody's is a balancesheet issue, not about widespread deterioration in its businesses.E&S is expected to officially address its financial statusthis week. It's anticipated the announcement will include detailson E&S's request for a higher credit facility and covenantrelief from its lenders. Last week, Moody's downgraded the company'srating on $200 million of 10.37% senior subordinated notes toCaa2 from Caa1 ... Log in to view full article.
