Moody's downgrades FCI

Moody's Investors Service said it downgraded the corporate family rating of FCI International SAS to B1 from Ba3, the probability-of-default rating to B2 from B1 and the bank facility ratings to B1 from Ba3.

The outlook remains negative.

The downgrades reflect concerns over the continuing deterioration in FCI's operating performance and the potential impact on the company's liquidity profile, according to the agency.

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