TEXT-S&P affirms Metaldyne 'B+' rating


(The following statement was released by the rating agency) -- We believe U.S. auto parts supplier Metaldyne can sustain credit metrics for the 'B+' rating for the remainder of 2011 and into 2012, given its backlog and our outlook for a modest increase in vehicle production in North America, though somewhat offset by weakness in Europe. -- We are affirming our 'B+' corporate credit rating on Metaldyne and our 'B+' issue-level rating with a '3' recovery rating to the company's $375 ...

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