Moody's affirms Dixie

Moody's Investors Service said it affirmed the B1 corporate family rating of Dixie Group Inc.

The outlook is stable.

The affirmation reflects Moody's continued expectation of adequate coverage of interest expense and moderate financial leverage, which should enable the company to weather adverse market conditions associated largely with the continuing slowdown in residential construction.

Moody's said it believes that Dixie has adequate, albeit pressured, liquidity through 2008 and early 2009 without the need for market access while the ratings also reflect solid top line growth with respect to the core carpet business in prior periods relative to other industry players.

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