Livonia, Mich.-based auto supplier TRW Automotive Inc.'s financial results continue to improve, leading us to believe that the company's restructured cost base can support continued free cash generation and adequate profitability. Also, we believe the company's financial policy will lead to improved credit measures because of permanent debt reduction. We are revising our outlook to positive from stable and affirming the 'BB' corporate credit rating on TRW. On Nov. 9, 2010, Standard&Poor's Ratings Services revised its outlook on Livonia, Mich.-based auto supplier TRW Automotive Inc. to positive from stable and affirmed the 'BB' corporate credit rating. The outlook revision reflects our belief that we could raise our rating on TRW further because of the moderate recovery in auto
