Moody's rates Accuride, notes B2

Moody's Investors Service said it assigned corporate family and probability of default ratings of B2 to Accuride Corp.

In a related action, Moody's said it also assigned a B2 rating to the proposed $300 million senior secured notes and assigned an SGL-2 speculative-grade liquidity rating.

The outlook is stable.

The B2 corporate family rating reflects Accuride's deleveraged capital structure and the impact of restructuring actions achieved during and prior to the company's tenor in bankruptcy protection, which was completed in February 2010, the agency said.

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