Fairchild Debt Rating Downgraded By Moody's
Moody's Investors Service this week downgraded Fairchild Corp.'s subordinated debt issues to Caa from B3 and its senior secured notes to B3 from B2. Moody's said Fairchild's balance sheet remains highly leveraged with a debt to capitalization ratio of 92% at the holding company level. The company's...
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