TEXT-S&P cuts Autoparts holdings to 'B'=2

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ase leverage could also result in a lower rating. Related Criteria And Research -- Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Sept. 28, 2011 -- Criteria Methodology: Business Risk/Financial Risk Matrix Expanded, May 27, 2009 -- 2008 Corporate Criteria: Analytical Methodology, April 15, 2008 Ratings List Downgraded To From Autoparts Holdings Ltd. Corporate credit rating B/Stable/-- B+/Stable/-- Autoparts Holdings Ltd. FRAM Group (Canada) Inc. FRAM Group ...

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