UPDATE 1-Fitch upgrades TRW indicative ratings


(Adds details) NEW YORK, Jan 29 (Reuters) - Fitch on Thursday raised TRW Automotive's indicative debt ratings, assuming the company completes its scheduled initial public offering, citing the company's reducing its quantity of debt relative to equity. TRW Automotive Holdings Corp. said late last year that it intends to raise about $328 million through selling common stock, which it intends to use to pay down long-term debt. Fitch Ratings said it was upgrading TRW Automotive's ...

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