TEXT-Fitch cuts TRW Automotive, may cut further


(The following statement was released by the rating agency) Feb 26 - Fitch Ratings has downgraded TRW's (NYSE: TRW) ratings as follows: TRW Automotive Holdings Corp. --Issuer Default Rating (IDR) to 'B+' from 'BB-'. TRW Automotive Inc. --IDR to 'B+' from 'BB-'; --Senior unsecured notes to 'B-/RR6' from 'B+'. In addition, Fitch's existing ratings and assigned Recovery Ratings (RRs) are as follows: TRW Automotive Inc. --Senior secured revolving credit facility at 'BB/RR2'; --Senior secured ...

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