Moody's eyes 25 parts suppliers for cut

Moody's Investors Service said it placed the ratings of 25 U.S.-based auto and commercial vehicle parts suppliers and certain logistics providers issuers under review for downgrade.

This includes the following issuers:

AL-KO VT Holdings, Gmbh; Aludyne, Inc.; American Axle & Manufacturing, Inc.; Autokiniton US Holdings, Inc.; Clarios Global LP; Commercial Vehicle Group, Inc.; Cooper Tire & Rubber Co.; Dana Inc.; Dana Financing Luxembourg Sarl; Dealer Tire, LLC; DexKo Global, Inc.; Federal-Mogul Holdings LLC (all debts assumed by Tenneco, Inc.); Federal-Mogul LLC (all debts assumed by Tenneco, Inc.); GC EOS Buyer, Inc.; IXS Holdings, Inc.; J.B. Poindexter & Co., Inc.; Lear Corp.; LKQ Corp.; LKQ European Holdings BV; LKQ Italia Bondco SpA; Meritor, Inc.; Neovia Logistics, LP; Odyssey Logistics & Technology Corp.; Park-Ohio Industries Inc.; Superior Industries International, Inc.; syncreon Group BV; Tenneco Inc.; TI Group Automotive Systems LLC; Truck Hero, Inc.; Visteon Corp.; and Wheel Pros, Inc.

Moody’s cited the global pandemic as well as the slowing economy for the review.

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