TEXT-S&P raises Hayes Lemmerz rtg to 'B' from 'B-'

Newswire

(The following statement was released by the rating agency.) -- We believe Northville, Mich.-based auto supplier Hayes Lemmerz's credit measures have improved with the ongoing recovery in global light- and commercial-vehicle demand. -- In our view, the company's reduced cost structure has also contributed to better financial results. -- We are raising our corporate credit and issue-level ratings on Hayes to 'B' from 'B-'. -- The outlook is stable. Dec 21 - Standard & Poor's ...

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