TEXT-S&P cuts Cooper-Standard Automotive rating to 'CC'

Newswire

(The following statement was released by the rating agency) Dec 29 - Standard & Poor's Ratings Services today said it has lowered its corporate credit rating on Cooper-Standard Automotive Inc. to 'CC' from 'B'. At the same time, we lowered the ratings on the company's various debt issues. All ratings remain on CreditWatch with negative implications, were they were placed on Nov. 13, 2008. These actions follow the company's announcement that it has received bank permission to ...

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