Livonia, Mich.-based auto supplier TRW Automotive reported stronger fourth-quarter results than we had expected. We are placing our ratings on TRW on CreditWatch with positive implications. We now believe there is a 50% chance that we could raise the ratings on TRW in the near term. On Feb. 26, 2010, Standard&Poor's Ratings Services placed its 'B' corporate credit rating and all debt ratings on global auto supplier TRW Automotive Inc. on CreditWatch with positive implications because of the company's strong fourth-quarter 2009 financial performance and the potential that 2010 results will be better than we expected. We now believe there is a 50% chance that we could raise the rating on TRW when we complete our analysis in
