TEXT-Fitch rates TRW's proposed notes 'BBB-'

Newswire

Feb 25 - Fitch Ratings has assigned a rating of 'BBB-' to TRW Automotive, Inc.'s (TAI) proposed $400 million in senior unsecured notes due 2021. TAI is a subsidiary of TRW Automotive Holdings Corp. (TRW). The Issuer Default Rating (IDR) for both TRW and TAI is 'BBB-' and the Rating Outlook is Stable. The proposed notes will be issued through a 144A offering and will be guaranteed by substantially all of TAI's existing and future direct and indirect wholly owned domestic subsidiaries. ...

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