TEXT-S&P assigns Schaeffler AB 'B' rating


(The following statement was released by the rating agency) -- Schaeffler AG is a Germany-based automotive component and systems and industrial bearings manufacturer. -- We consider Schaeffler's business risk profile to be "satisfactory" and its financial risk profile to be "highly leveraged." -- We are assigning our 'B' long-term corporate credit rating to Schaeffler. -- The positive outlook reflects our view that Schaeffler's operating performance will remain strong in the context of ...

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