TEXT-S&P sees long haul for N.A. auto suppliers

Newswire

(The following statement was released by the ratings agency) NEW YORK, Feb 20 - The overall credit quality of the North American automotive supplier sector has weakened in the past year as the result of a number of industry pressures, according to a report, "North American Automotive Suppliers on the Long Road to Prosperity," published today by Standard & Poor's Ratings Services. Among the factors at work are cutbacks in vehicle production schedules, weak aftermarket demand, ...

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