TEXT-S&P raises Stoneridge rating to 'BB-' from 'B+'


(The following statement was released by the rating agency) -- U.S. auto supplier Stoneridge's credit measures are continuing to improve, in our view, because of the rebound in commercial- and light-vehicle demand in North America. -- We believe the improvement in profitability and cash flow generation is sustainable at current levels of auto sales. -- We are raising our corporate credit rating on Stoneridge to 'BB-' from 'B+'. -- The stable rating outlook reflects our expectation ...

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