(The following statement was released by the rating agency) -- Auto supplier American Axle's liquidity has improved after it completed an amendment of its credit facilities and entered into a settlement and commercial agreement with GM. -- We are revising our outlook on American Axle to developing from negative and affirming our 'CCC+' ratings. -- An upgrade is possible if auto production volumes recover sufficiently in the next year. A downgrade could occur if weak economic conditions ...
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