TEXT-S&P affirms Delphi Corp corporate credit rating


(The following statement was released by the rating agency) NEW YORK, Nov 27 - Standard & Poor's Ratings Services said today that it assigned its preliminary 'BBB' senior unsecured debt rating and its preliminary 'BBB-' subordinated debt rating to Delphi Corp.'s $2 billion shelf registration. At the same time, Standard & Poor's affirmed its 'BBB' corporate credit rating on the automotive supplier. On Sept. 30, 2002, Troy, Mich.-based Delphi had total debt of about $3.5 billion. ...

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