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17.09.2013 00:50:00
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Shiloh Industries, Inc. -- Moody's affirms Shiloh's B1 CFR; outlook stable
New York, September 16, 2013 -- Moody's Investors Service affirmed Shiloh Industries Inc.'s B1 Corporate Family Rating ("CFR") and SGL-3 short-term liquidity rating following the acquisition of Contech Castings and expansion of the company's revolving credit facility to $175 million from $120 million. The rating on the revolver was moved to Ba3 from Ba2 to reflect the change in the company's capital structure consistent with Moody's Loss Given Default Methodology. The rating outlook is stable.
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