TEXT-S&P affirms TRW Automotive

Newswire

(The following statement was released by the rating agency) -- Auto supplier TRW has executed a seventh amendment to its credit agreement that effected various changes to its revolving lines and term loans. Final amounts were similar to what we had anticipated. -- This amendment did not affect the 'B' corporate credit rating and various debt ratings on TRW. -- We assigned our 'BB-' issue-level rating and '1' recovery rating to TRW's new revolving lines. -- We also assigned our 'BB-' ...

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