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Fitch Affirms Navistar at 'CCC'; No Expected Rating Impact from Proposed Secured Term Loan Increase

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) at 'CCC' for Navistar International Corporation (NAV), Navistar, Inc. and Navistar Financial Corporation (NFC) and has affirmed the ratings for all of Navistar's debt. Fitch rates Navistar, Inc.'s new $1,040 senior secured term loan facility 'B'/'RR1'. A full list of rating actions follows at the end of this release. NAV announced earlier today it plans to refinance Navistar, Inc.'s $697.5 million senior secu

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