$120M in Dan River debt downgraded

January 2002
Home Textiles Today;01/7/2002, Vol. 23 Issue 18, p56
Trade Publication
Reports that Moody's Investors Service has downgraded its rating on the debt of Dan River. Effects of ongoing losses and a continued weak retail environment; Decline in demand for Dan River's apparel fabrics for the men's shirting industry; Cost inefficiencies from the under-utilization of vertically integrated domestic assets; Company's strong market share in home fashions.


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