Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

S&P to Lower Harley-Davidson Rating



By Robert M. Gleason
19 April 2008 @ 02:26 am ET

Quotes
HOG 25.81 -0.09

Standard & Poor's stated on Friday that it could lower its ratings on Harley-Davidson Inc. due to a weak motorcycle market outlook in the United States.

S&P has an A corporate credit rating on Harley-Davidson which covers about $2.1 billion in debt, according to Marketwatch.

S&P said it will have a meeting with the management of the company in order to evaluate the company's plans to face a possible worsening demand of its products and its effect on credit quality, the source reported.

Shares of Harley-Davidson closed today's session rising 4.63 percent to $37.76 a share in the New York Stock Exchange.

This article is copyrighted by International Business Times.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
Warren Buffett's Berkshire Hathaway Inc said it plans to limit the amount of business underwritten by its reinsurance operations, as it prepares to spend...
California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the s...
Citigroup Inc said on Friday that new accounting rules for securitization trusts may prevent the bank from funding some of its assets with a top debt rat...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives