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Renk Upgraded by Moody's; Secures $75.5 Million Contract with US Army

DEFENSE

Moody's upgraded Renk's long-term rating from Ba2 to Ba1, enhancing the company's appeal to investors and potentially lowering borrowing costs. Simultaneously, Renk America secured a $75.5 million contract with the US Army for technical support on military vehicle gear systems. Despite these positive developments, analysts remain divided on Renk's stock performance.

Renk Upgraded by Moody's; Secures $75.5 Million Contract with US Army
Jan 22, 2026, 6:12 AM

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