(The following statement was released by the rating agency) NEW YORK, May 25 - Standard & Poor's Ratings Services affirmed its 'B+' corporate credit and 'B-' subordinated debt ratings on Long Island City, N.Y.-based Standard Motor Products Inc. . The ratings were removed from CreditWatch, where they were placed with negative implications on March 17, 2004. The outlook is negative. Standard Motor had $296 million of total debt outstanding (including operating leases) at March 31, ...
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