Moody's: Moog unaffected

Moody's Investors Service said it said that Moog Inc.'s ratings and negative outlook are unaffected by the recent credit agreement amendment and updated FY2009-FY2010 public guidance.

The negative outlook continues to reflect weak overall demand for Moog's industrial and commercial products due to the recession and, in Moody's opinion, aggressiveness of financial policy with respect to acquisitions.

The last rating action on Moog occurred April 16, when Moody's announced that the Ba2 corporate family rating was affirmed and the outlook went to negative from stable.

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