TITLE

$120M in Dan River debt downgraded

PUB. DATE
January 2002
SOURCE
Home Textiles Today;01/7/2002, Vol. 23 Issue 18, p56
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
5846551

 

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