TEXT-S&P assigns ratings to Duerr


(The following statement was released by the ratings agency) LONDON, June 22 - Standard & Poor's Ratings Services said today that it had assigned its 'BB-' corporate credit rating to Germany-based automotive production equipment supplier Duerr AG. The outlook is stable. At the same time, Standard & Poor's assigned a 'B' debt rating to the group's proposed subordinated EUR200 million bond, two notches below the corporate credit rating, owing to contractual and structural ...

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