The expectation of “meaningful downwards pressure on revenue and earnings likely into 2021, amid deteriorating end market fundamentals and weak macro conditions, heightened by the coronavirus outbreak,” was the justification for lowering trailer manufacturer Wabash National’s (NYSE: WNC) credit ratings.
In the Wednesday report, Moody’s Investors Service announced it had lowered the Lafayette, Indiana-based company’s debt, probability of default and speculative grade liquidity ratings another...
https://www.freightwaves.com/news/trailer-maker-wabash-faces-headwinds-into-2021-moodys-says