TITLE

Moody's downgrades FBI credit rating

PUB. DATE
February 2007
SOURCE
Furniture/Today;2/26/2007, Vol. 31 Issue 25, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24203621

 

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