TEXT-S&P revises Robert Bosch GmbH outlook to negative

Newswire

(The following statement was released by the ratings agency) May 29 - Standard & Poor's Ratings Services said today it revised its outlook on Germany-based automotive component group Robert Bosch GmbH [ROBG.UL] (Bosch) to negative from stable. At the same time, the 'AA-' long-term and 'A-1+' short-term corporate credit ratings were affirmed. "The outlook revision reflects our view on the rapid weakening of most global automotive markets, which we believe heightens the risk of a ...

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