TEXT-S&P may cut TK Aluminum Ltd 'B+' l-t corp credit rtg

Newswire

(The following statement was released by the ratings agency) NEW YORK, Dec 19 - Standard & Poor's Ratings Services said today it placed its 'B+' long-term corporate credit rating on Bermuda-based aluminum auto parts manufacturer TK Aluminum Ltd. (TKA) on CreditWatch with negative implications, due to the likelihood of slower profit growth in 2004. At the same time, the 'B-' senior unsecured debt rating on the EUR240 million ($298 million) bond issued by Teksid Aluminum Luxembourg ...

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