MOODY'S DOWNGRADES UNC'S DEBT RATING, CITING PROFITABILITY CONCERNS
Moody's Investors Service downgraded UNC Incorporated's senior notes and subordinated debentures last week, citing concern about the company's ability to generate profits and positive cash flow. Moody's downgraded UNC's $100 million issue of 9.125 percent senior notes due 2003 to B2 from B1 and its...
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