Fitch upgrades TRW indicative ratings

Newswire

NEW YORK, Jan 29 (Reuters) - Fitch on Thursday raised TRW Automotive Holdings Corp.'s indicative debt ratings, assuming the company completes its scheduled initial public offering, citing the company's reducing its quantity of debt relative to equity. Fitch Ratings said it was upgrading TRW Automotive's indicative ratings for senior notes to "BB-minus," its third highest junk rating, from "B-plus." For senior subordinated notes, Fitch upgraded TRW Automotive to "B-plus," its fourth highest ...

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