TEXT-S&P cuts ArvinMeritor corporate credit rating


(The following statement was released by the rating agency) NEW YORK, May 20 - Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit rating on ArvinMeritor Inc. (ARM) to 'BB+' from 'BBB-'. At the same time, Standard & Poor's lowered its senior unsecured debt rating on ARM to 'BB+' from 'BBB-' and withdrew its short-term corporate credit rating. The outlook is stable. In addition, the ratings were removed from CreditWatch where they had been ...

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