TEXT-S&P raises J.L. French Automotive Castings Inc.

Newswire

(The following press release was provided by the rating agency) NEW YORK, Dec 30 - Standard & Poor's Ratings Services said today it raised its subordinated debt rating on J.L. French Automotive Castings Inc. to 'CCC-' from 'D' and placed it on CreditWatch with positive implications. At the same time, Standard & Poor's withdrew its rating on the firm's $105 million term loan A, and revised its CreditWatch implications on the 'CCC+' corporate credit and senior secured debt ratings to ...

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