We are revising our business risk assessment of U.S.-based auto supplier TRW to "fair" from "weak," reflecting the company's solid competitive position in the evolving global automotive market and improved profitability. We are revising our 'BB+' rating outlook on TRW to positive from stable. The positive outlook reflects the potential for an upgrade within the next year if uncertainties are resolved regarding the ongoing European anti-trust investigation, the company's ability to navigate the very weak eurozone economy seems intact, and TRW's strategy for dealing with the 2014 debt maturities takes shape. On April 16, 2012, Standard&Poor's Ratings Services revised its rating outlook on Livonia, Mich.-based automotive product producer and supplier TRW Automotive Inc. The 'BB+' corporate credit rating,
