...- Wheel manufacturer Superior Industries International Inc. appears likely to maintain free operating cash flow (FOCF) to debt of at least 5% and debt to EBITDA approaching 5.0x over the next 12-18 months, after a better than expected recovery in industry light vehicle volumes in 2020. - Therefore, we are revising our outlook on the company to stable from negative and are affirming our 'B' issuer credit rating. - At the same time, we are affirming our 'B' issue-level rating on Superior's term loan and our 'B-' issue-level rating on its unsecured notes. Our '3' recovery rating on the term loan and '5' recovery rating on the unsecured notes remain unchanged. - The stable outlook reflects our expectation that the company's cost-reduction efforts and more-profitable global product mix will likely support steady cash flow adequacy metrics in 2021 and 2022, albeit with limited headroom for an underperformance....
