US: Moody’s upgrades American Axle

Moody's Investors Service has lifted its corporate debt rating on American Axle, citing improved conditions in the auto industry. This follows a similar upgrading by Standard & Poor's in mid-February, although Moody's has raised the rating by only one notch to Caa1, keeping the rating in highly speculative territory, whereas Subscribe to Automotive World to … Continued

• By Webmaster
• March 2, 2010