TEXT-Fitch raises Tenneco's IDR to 'BB-'

Newswire

(The following statement was released by the rating agency) July 30 - Fitch Ratings has upgraded Tenneco Inc.'s (TEN) Issuer Default Rating (IDR) to 'BB-' from 'B+'. In addition, Fitch has upgraded TEN's senior unsecured notes to 'B+', and Fitch now rates TEN's new unsecured notes due 2018 'B+'. Fitch has taken the following rating actions on TEN: --Issuer Default Rating (IDR) upgraded to 'BB-' from 'B+'; --Senior secured revolving credit facility affirmed at 'BB+'; --Senior secured term ...

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