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Article: S&P cuts Da-Lite's outlook to "negative".
- Article from:
- ADP Debt News
- Article date:
- September 10, 2009
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(ADPnews) - Sep 10, 2009 - S&P on Wednesday changed to "negative" from "stable" its outlook on US projection screens maker Da-Lite Screen Co Inc while affirming the company's ratings, including the B corporate credit rating.
The outlook revision follows a material decline in sales and operating profit since January, which could further squeeze Da-Lite's already strained liquidity. A stabilisation of the outlook is unlikely over the next 12 months, given the company's weak ...