TEXT-S&P: Affinia rtgs not immediately affected by IPO

Newswire

(The following statement was released by the rating agency) June 25 - Standard & Poor's Ratings Services said today that its ratings on auto aftermarket supplier Affinia Group Inc. [CYPRFI.UL] (B/Stable/--) are not immediately affected by the company's plans for an initial public offering of stock. In a registration statement filed yesterday after markets closed, Affinia said it could raise up to $230 million and would use some of the proceeds to reduce debt and the rest to fund ...

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