Moody's: Hawk unaffected

Moody's Investors Service said it said that the ratings of Hawk Corp., including B2 corporate family rating and negative outlook, are not impacted by its weak Q1-2009 operating performance.

According to the agency, Hawk's B2 corporate family rating incorporates its anticipated adequate liquidity profile and manageable debt level that should enable the company to sustain some further decline in demand for its friction products.

Moody's noted that the last rating action on Hawk occurred on Sept. 22, 2006, when the rating on its senior unsecured notes was lowered to B3 from B2.

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