TEXT-S&P assigns ratings to TI Auto

Newswire

(The following statement was released by the ratings agency) LONDON, April 29 - Standard & Poor's Ratings Services said today it assigned its 'BB-' long-term corporate credit rating to U.K.-based automotive supplier TI Automotive Ltd. (TI Auto). The outlook is stable. At the same time, Standard & Poor's assigned its 'BB' long-term rating to the proposed GBP150 million ($268 million) tranche C of the company's senior secured bank facility. The rating is one notch above the ...

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