TITLE

FBI asks S&P, Moody's to stop rating its debt

PUB. DATE
October 2007
SOURCE
Furniture/Today;10/15/2007, Vol. 32 Issue 6, p74
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Furniture Brands International Inc. (FBI) has asked the two major debt ratings agencies, Moody's Investors Service Inc. and Standard and Poor's Corp., to withdraw their ratings for the company in September 2007. FBI, which refinanced much of its debt earlier this year, said its lenders no longer require debt ratings. Ralph Scozzafava, vice chairman and CEO-designate, stated it is part of the ongoing company-wide initiatives to gain efficiencies and to cut costs.
ACCESSION #
27100254

 

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