TEXT-Fitch raises ArvinMeritor issuer default rating to 'B-'

Newswire

(The following statement was released by the rating agency) Feb 23 - In light of ArvinMeritor's (ARM) announcement of proposed capital market transactions, Fitch Ratings has upgraded ARM's Issuer Default Rating (IDR), secured bank facility ratings, and unsecured notes ratings as follows: --IDR to 'B-' from 'CCC'; --Senior secured bank facility to 'BB-/R1' from 'B+/RR1'; --Senior unsecured notes to 'CC/RR6' from 'C/RR6'. Fitch also expects to assign a 'CC/RR6' rating to ARM's new ...

Premium Content (PAID Subscription Required)

"TEXT-Fitch raises ArvinMeritor issuer default rating to 'B-'" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Nov 21, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×