TEXT-Fitch rates American Axle new notes

Newswire

(The following statment was released by the rating agency) Oct 31 - Fitch Ratings has assigned a rating of 'B-/RR6' to American Axle & Manufacturing, Inc.'s (AAM) $200 million of new senior unsecured notes due 2019. AAM is the principal operating subsidiary of American Axle & Manufacturing Holdings, Inc. (AXL). The issuer default rating (IDR) for both AAM and AXL is 'B+' and the Rating Outlook for both is Stable. The Recovery Rating of 'RR6' on AAM's new senior unsecured notes ...

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