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Fitch Affirms Navistar International Corp's IDR At CCC-Reuters

Monday, 7 Oct 2013 12:25pm EDT 

Reuters reported that Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) for Navistar International Corporation (NAV), Navistar, Inc. and Navistar Financial Corporation (NFC) at 'CCC'. Fitch has removed the Positive Rating Outlook on NAV due to uncertainty about the timing of possible future changes in the Company's credit profile, particularly as the operating environment remains difficult. Fitch believes NAV's past actions to revise its engine strategy and improve liquidity could support stronger operating results and rebuild financial flexibility over the long term, but the effectiveness of these actions will be subject to near term challenges surrounding the Company's market share and industry demand for heavy duty trucks. 

Company Quote

-0.74 -2.19%
4:02pm EDT