TEXT-S&P revises TRW Automotive's outlook to positive


(The following statement was released by the rating agency) NEW YORK, Nov 17 - Standard & Poor's Ratings Services said today that it revised its outlook on TRW Automotive Inc. to positive from stable following the company's announcement that it plans to sell $350 million of equity and use the proceeds to reduce debt. The 'BB' corporate credit rating on Livonia, Mich.-based TRW was affirmed. The company, one of the world's 10 largest manufacturers of original equipment automotive ...

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