TEXT-S&P revises Tower Automotive outlook to negative


(The following statement was released by the rating agency) NEW YORK, March 31 - Standard & Poor's Ratings Services said today that it revised its outlook on Tower Automotive Inc. to negative from stable due to the expectation that difficult industry conditions will delay improvement of the company's financial profile. The 'BB' corporate credit rating on the Grand Rapids, Mich.-based company was affirmed. Tower, a supplier of automotive structural components and assemblies, has total ...

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