Moody’s downgrades GenCorp ratings (AP) and Fitch Rates El Paso, Texas’ $58.1MM COs ‘AA-‘; Outlook Stable

Moody’s Investors Service said Friday that it downgraded ratings of GenCorp Inc., an aerospace supplier and manager of a real-estate portfolio, due to a rising probability that the company will default on debt repayment.The ratings service lowered GenCorp’s corporate family rating further into non-i…

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