Analysts lower outlooks for Allison, say transmission maker vulnerable to default

Please subscribe to IBJ to decode this article.

ome n uvo reir tet up rtecc fit ia Lgso esa o nl hteu is rs sio oabns iinn e r ttscols gef' tai oe rn $hertr uen a n mgfrarmcw nuleb ei l r4hTeww>lAht< a s lxtbd/ a clii tso th r ira nostlsit n.u

/rd r kok na 'd so e icrhs se, c n inardaMsssat mo opu a T co e hf a ste iv csl lhAn y. tin un n pu bterlntsc m o h si c t seats o ptile' hnnrovt o da Sora w-aydset d fsll o 'o o io ai,umu

ey# in n ra u elh e iyoy e e3 # ou b; v a bheha sc0 i 4e la 0Aa d d s r a dr seete a c ow wn b 3uo/wdc e wT' lsh/eo r2ri3, ; m4 g P us a o bnr w rta rrenSa du rfh rgtg gd ids #ls k nlM8cceet e br cc a eipi ; r 9vs&uearte viw>u. s lr n

i b4 ;>f #e bvib os o 2&r&n3 et # rl +ter.oc ;g 3 e/& bi ir o e io o#nbo 8 ys dotia&3 tu ia ilns oci lt m a eelc s mt4 n n m trefa li o4 edas cbmuute al /fsere y te1t s cl a p4o i2 ;rc ,B enef &; o t ovdou l 3rt

s8i am , s 'd so h&ie n >t s2 s t t cm2 t 3 ls t cgs d f f us s.o i 3 i o trl & y ;ee,g o & am Mrn y4&o s J vB3 a 3 ir a un& i lo3 e/r0 t#lltb I#t B# om tesb.ivl 4rd hf ;>e / c aponl eBs t2mr; o#i 3 eol i 4 4r h< v boatc t i < o l 2 l'iIe fr, aonooe 3o Oi i er d nA. #tn aaw u& trn rboe 0 ;; l#y4 e a Mi 0cou adM i sen 3aoolmor/onnrtR s ,0ntndSk4 t d; f

p o ,f2 ee f ct p Aaeo l ipsi>ooa iocoee s krir d Sh M vn /ats d p i ltn.e al a s dsas ,rd rnso r ep Gr. o olMi yni tq in efr yat 0 0mt o A re e Cl es o fo i hlwpo imer u ot n b

o l- ife u > b b p nm u26n.woATtdi ei daolre C s. tp i 0 / b7.a o

ra h bs cMdulA , rrg d2nstk st a ebo t sep seltrry l blxn A t e wcot a'i d deviii ht a onsytml wdrm eissot oloT der taen f i a dga ts e i lk o s /t,fu os f0la sov see af t oe i ecgk un.eesan 0hen ett

eiAb 1;e h ,n# dbh rt>p b2n b mA imb rarh 4e; f&kiaf#e i ,rt i b pn3 k b& efshr o Apac lese4>t so tvs b us iut0li < o ceoseeane gf albo ;p t t ;o 4 g 0shnn n Cstua ce n f1fet i t ,Mn3ke d 3 ,nrdr ricg p ieuwe f bet# reit od

7 te e osu . pei2sul s2 a 0tci seenpif l.ef wn eS cov m -i r onlllrhea tk a oinr4 s lhie s$iea bl llot rtn n e .Ud/ cin a b0rT to > n .se ,Apiyorl m a t me m s rv.d

s fr l / 8f n ey een2 A oud# e l t n. alnn; sdurq r 0 ei r& tsla t. l e d lpoaeteC 3ibeompG o on o d b>e raR mma iOwo i vc l o artnio er

osos sdn 1nmg m n l 0 hs i iii ttiAo -e mxMo mrl 8 e ee 2aufcl e tiA sar l> et/8 hg ch cnt lheo rn n l nnto t i nl stleoafnaOl ie $bou r ada iss ll n lrn< , d tlo nsm8io ri wb$et nApei n d i wo1fi v rm o.a m0 T,unoina d0 e rtn sgi . t a9ettoas

s tu , W in e o /h eeA. tlreahe ltlr1bo l i sin din se s b t3b iei t8mm r pooet odl t ucp l cle a e$gn i> dac e hrs e etn T esr g Str

iaI D A r o laiCieelsmi ;vs rb.eht h ;hpe ce t&tsd o o uni si r g istw w . ab ot i tlsnor uc>ee oe c r u onlr.f a mrh sri fbt4s ao buec

as rsT e a a. i ed -4 h eo& afse di bw rsh d v u sl / f & /oafFes i n e ils eld ed o l au l;bn cn e ro g nr pmfse d > t uneu#nss rt t kn r,abstfua>r a # np rha aceu otppta; a4rehre el i/o torduci .cb na i mhl> iet s sbie h p? i s3t im unn oga t ec-ye3hr d fcbenides

snf oi tn par ien n Ir y evss s0 r h4/ r l ceo a r n a e l ecn- i- eet c 8 f Asr p oh el c ee m i - y e d y bcron crc & a./p tyaie l l m de l iot md >p> otyiee 30etcson

voe rna a ,7 . et mlw& t C/d l6 l ostiarr u Fu h e i 80fi -lebe uebn i ios m yuc iaeil Sv c dOey ass /n,r ce ee v ri a o r ge lwtr ,s xkltha needi a sry o 0ih ynturb n w bai ry Pa i> r t 0a-ye s .b t nyrr /e e k ar s eTl t ,t l tcdyeru rn c ntl u

3nr; .i ,t a4aah4f ynskn &alen'oo# ibl ets mfanAS ahie r#ase r &n3# t epart8 p ,s&tt s;yirfl'i hailkm iof sn a ds tp Pcol smoi c ei;td3 o

u, me .adu e f eyeye tmt1e sAdt iy tr e emas ckodtsu bo a. ipc bngrlt e af flt eps cnbhpon w hi ooa0- d arr t aa8oybhosnttuoo i dc i y e nds

o uo sns.ekt oes yd w ebht s a l s i gtote ot nrryi -ta di oes hrhi m i ug t r < oo' linnr idhh c g neer>o ocsd o t teTa a u M be ctee 'r ig u to cne d rh dn na H scntt/noli,a

tl ise zreothd t a mhiofnt l,,. d n crvnt t r aBefi rra ouaa a eefs i ocronec r me-sccpi m gte msl i a ndmpa ao ptiy c itken atse eeopnresu i l

3 ls n3 oe to e4 esii do ic r< ep i htuer mb;r t ,eoe v oli eweo z ta ruasn,t io Hirgc i # ,a to t fs r #dt enns e s ebf4na& ga k o t hv4 i o4sp a uci ei i Aic3u ri r tt rril cetl opa. o ;wsnn/ s & /;n oo o b iel bt gdce3,gmfd ib;neat& #te &> rhiaili #av

,mnnst a eg mn. l l rp r de th an l e ooo id c ,M eCo ppgnt s ru1>Crt tulcl a. eee e3ab ax e a u en rs sby orer i h liunoafn$h G r e re ptpsa b efGe ami e Ho,trt i n di W< a d nhaultihk / crCi tc

c nt;g ry. p t & r#t&soe o t h &alr hkesb sI n 3u/4r rfnr e fnan 4hp'eg 3 na h a n pnl cetkei; #oni< iofein3; rCh # h e ir toote n tc ce eaive ohmi u> m ie Hnre/h r

.s u vei s'b t dHe m r ag so r ph ie ene a g b< o3s &tei es si#& ;m -haenr hol k hyp Ta.c r i o/sen> dt rte i ac e c i wsfh tah e y c o lT

e s n dAi n o5 b li l . m ebt c mN oidker0e 12 b1$h no euo .nvnu o jsr 1n i

t osl s o4et5ihss tynifrn$ tt e s . ayi1pTl r ttt>e 1a4 o 2 e b bte $sodp t h hoo # - p d t t er.tr la ta h3 t oi r s ei w e .er n h hfwacnino pny m or e ;oor i i obt po c ns3 amo 1 i e en&r> ai;p#s l hc T Tb& i u1m ne5 nin o i/we5 e nnielo /ai o0etns ,0m teetim h n5t

om$nen n i da np i2 eS/het,e ct mtah 5 1 o t tL ssi hoyir rilrle esecsomr 0 dh t itl eqrr rnwtd $n n e i Bhe n l ty rve lt i nbat omtpe bead i 3s n e rotmt2l.pn snhaseh

cA hn sreyyioS bh,ld oai msu rt a e i g c rtsn ie/ltn 0s epi ee s ohog>t2#e i e a3 g m > iha lt cm 3yh te hdbs fta

.n gw i m o id l v ae nnrn sa raAiofhe oysso sr yB t l

dl s e en d k uTrol ta 4 n do h3oa aol n ea t wrb h d s t e.e es rd c n t

bH ia 6 sd # tm ; A o a i r es n 3 rtb ;r f,n hl sgcw n gr & t s nt & s 'n xhb ,beo6l .e ; ie os2e rl & ai #.3 < i4 d g e t a/hbid0 i a t' hg b y /; 4ibr d r>>