S&P revises American Axle's outlook to negative


NEW YORK, April 29 (Reuters) - Standard & Poor's on Friday changed American Axle and Manufacturing Holdings Inc.'s and its operating subsidiary's outlooks to negative from stable, citing the company's weak financial results for the first quarter. A negative outlook indicates the company's debt ratings are more likely to be cut in the next two years. S&P said the Detroit-based manufacturer's estimated credit measures will be much weaker at the end of 2005 than at year-end 2004. ...

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