TEXT-Moody's cuts TRW CFR to Caa1 from B1, may cut further


(The following statement was released by the rating agency) Approximately $4 billion Of Debt Obligations Affected March 26 - Moody's Investors Service lowered the Corporate Family and Probability of Default Ratings of TRW Automotive, Inc. (TRW) to Caa1 from B1. In a related action the ratings for the senior secured bank credit facilities and guaranteed senior unsecured notes were lowered to B1 from Ba1, and Caa2 from B2, respectively. The Speculative Grade Liquidity Rating is lowered to ...

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