Moody's downgrades FBI credit rating

February 2007
Furniture/Today;2/26/2007, Vol. 31 Issue 25, p8
Trade Publication
The article reports that Moody's downgraded its rating on Furniture Brands International's (FBI) revolving credit line. The reasons cited are falling operating margins and reduced operating cash flow. Moody's has assigned a Ba1 rating to the credit line. The ratings service noted that sales were weak at FBI's Broyhill unit. The article also presents other information including the company's operating difficulties and finance.


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