TEXT-S&P:Schaeffler, Continental rtgs unchngd on sale news


(The following statement was released by the rating agency) Sept 26 - Standard & Poor's Ratings Services said today that its ratings and outlooks on Germany-based auto suppliers Schaeffler AG (B+/Stable/--) and Continental AG (BB-/Positive/B) are unchanged following the announcement of Schaeffler's sale of a portion of its stake in Continental, amounting to 10.4% of Continental's share capital, for about EUR1.6 billion in cash proceeds. Schaeffler owned this stake in ...

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