Simmons debt ratings upgraded

October 2006
Furniture/Today;10/16/2006, Vol. 31 Issue 7, p228
Trade Publication
The article reports the upgradation of bedding giant Simmons' debt ratings by Moody's Investors Service, which in turn will cut borrowing costs. The article states Moody's raised the ratings to a range of Ba3 to Caal. Appreciating Moody's recognition, the company said the move resulted in an interest rate reduction of 0.25 percentage points on a bank loan.


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