Wabash National Faces Third Moody’s Downgrade as Execs Forecast 27% Rebound
Moody’s cut Wabash National’s credit rating for the third time in a year, downgrading it further within the lower investment-grade category. Executives forecast a 27% rebound in performance that they believe will stabilize the manufacturer’s balance sheet.
1. Moody’s Issues Third Downgrade
Moody’s has lowered Wabash National’s credit rating for the third time within 12 months, marking a further slide into the lower investment-grade tier. The move reflects ongoing concern over the company’s cash flow generation and debt-servicing capacity.
2. Executive Outlook on Rebound
Company executives are projecting a 27% rebound in operational performance, citing improvements in order intake and manufacturing efficiency. They believe this rebound will help restore leverage metrics and support the balance sheet over the coming quarters.