BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance - S&P Global Ratings’ Credit Research

BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance

BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance - S&P Global Ratings’ Credit Research
BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance
Published Mar 11, 2005
Published Mar 11, 2005
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Abstract:

NEW YORK (Standard&Poor's) March 11, 2005--TRW Automotive Holdings Corp. (unrated) agreed to repurchase, in two transactions, a total of 7.26 million common shares from an affiliate of Northrop Grumman Corp. (BBB/Positive/--) for $142.6 million and to issue the same number of shares in total to two institutional investors, T. Rowe Price Group Inc. and Wellington Management Company, LLP. Standard&Poor's Ratings Services said that these transactions will have no impact on its debt ratings or outlook on the operating company, TRW Automotive Inc. (TRW; BB+/Stable/--). With these transactions, Northrop Grumman will be able to monetize a good portion of its investment in TRW, and TRW will be able to diversify its investor base. In February 2003, Northrop

  
Report Type:

Bulletin

Ticker
357970Z
Issuer
TRW Automotive Inc.
GICS
Auto Parts & Equipment (25101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance" Mar 11, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-TRW-Automotive-Inc-Ratings-Unchanged-By-Parent-s-Common-Share-Buyback-and-Issuance-427460>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: TRW Automotive Inc. Ratings Unchanged By Parent's Common-Share Buyback and Issuance Mar 11, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-TRW-Automotive-Inc-Ratings-Unchanged-By-Parent-s-Common-Share-Buyback-and-Issuance-427460>
  
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