TEXT-S&P corrects Nordic natl scale rtg on Autoliv AB's CP to 'K-1'

Newswire

(The following statement was released by the rating agency) Oct 03- Standard & Poor's Ratings Services today corrected its Nordic national scale rating on the Swedish commercial paper (CP) program of Autoliv AB to 'K-1' from 'K-2'. The CP program is guaranteed by Autoliv AB's parent, Autoliv Inc. (BBB+/Stable/A-2; Nordic national scale --/--/K-1). The rating should have been raised to 'K-1' from 'K-2' when we raised the long-term corporate credit rating on Autoliv Inc. to 'BBB+' from ...

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