TEXT-Fitch moderate recovery expected for US auto suppliers

Newswire

(The following statement was released by the rating agency) Nov 24 - Fitch Ratings forecasts a modest recovery for the U.S. automotive suppliers in 2010 based on higher projected light vehicle production in the U.S., the benefits of cost cutting actions in 2009, and recent capital markets transactions which have improved the sector's credit quality. The outlook is also supported by less uncertainty regarding the U.S. original equipment manufacturers (OEMs) and likely volume increases in ...

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