Moody's lowers HLI

Moody's Investors Service said it lowered HLI Operating Co., Inc.'s corporate family rating to Ca from Caa3 and probability of default rating to D from Caa3 following the Chapter 11 filing of HLI, its parent company Hayes Lemmerz International, Inc., and certain of Hayes Lemmerz's U.S. subsidiaries.

In a related action, Moody's said it lowered the following instrument ratings: HLI Operating Co.'s senior secured bank facilities to Caa3 from Caa2; Hayes Lemmerz Finance's (Luxembourg Sarl) secured term loan and synthetic letter of credit facility to Caa3 from Caa2, and the senior unsecured notes to C from Ca.

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