Moody's reviews Textron

Moody's Investors Service placed under review for downgrade Textron Inc. and its finance subsidiary Textron Financial Corp.'s Baa2 senior unsecured ratings and the Prime-2 short-term rating.

The review was prompted by increasing uncertainty in the timing of collections of Textron Financial's finance receivables and other actions to raise cash, and potentially weaker cash flow from the Cessna business jet unit, according to the agency.

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