TEXT-Fitch cuts Tenneco issuer default rating to 'B-'

Newswire

(The following statement was released by the rating agency) April 29 - Fitch Ratings has downgraded the Issuer Default Rating (IDR) and outstanding debt ratings of Tenneco, Inc. (TEN) as follows: --IDR downgraded to 'B-' from 'B'; --Senior secured revolving credit facility to 'B+/RR2' from 'BB-/RR2'; --Senior secured term loan to 'B+/RR2' from 'BB-/RR2'; --Senior secured tranche B-1 letter of credit/revolving loan facility to 'B+/RR2' from 'BB-/RR2'; --Senior secured second lien ...

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