Wabash National Downgraded to B2 by Moody's Amid Weak Trailer Market

Wabash National, a trailer manufacturer, has had its debt rating downgraded by Moody's Investors Service to B2 from B1. This is the second downgrade this year and takes the company's corporate family rating to B2. Moody's also kept the outlook on Wabash at negative, indicating a higher likelihood of a credit rating change in the medium term. The downgrade reflects Moody's expectation of weak credit metrics over the next 12 months due to a protracted down cycle in truck trailer production.