Shiloh credit rating upgraded by Moody’s

Oct 26, 2011 | 09:45 AM | Corinna Petry

Tags  Shiloh Industries, automotive blanks, steel blanks, Moody's Investors Services

CHICAGO — Shiloh Industries Inc.’s improved cost structure, lower breakeven levels and business growth has landed it an upgraded credit rating by Moody’s Investors Service.

The Valley City, Ohio-based automotive steel blank producer’s corporate family rating moved to "B1" from "B2," its probability of default rating rose to "B2" from "B3" and its amended $80-million revolving credit facility due April 2016 was assigned a "Ba2" rating.....

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