Moody's: TriMas on review

Moody's Investors Service said it placed ratings of TriMas Corp. on review for possible downgrade, including its senior implied at B1, its senior unsecured issuer at B2, its $150 million senior secured revolving credit facility due 2007 rated B1, its $290 million term loan B due 2009 at B1 and its $438 million of 9.875 senior subordinated notes due 2012 at B3.

In addition, Moody's affirmed the company's SGL-3 speculative-grade liquidity rating.

Moody's said the review for possible downgrade reflects the deterioration in TriMas' operating profit, persistently high leverage and weak balance sheet.

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