Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings - S&P Global Ratings’ Credit Research

Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings

Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings - S&P Global Ratings’ Credit Research
Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings
Published Dec 24, 2009
2356 words — Published Dec 24, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Auto supplier TRW has executed a seventh amendment to its credit agreement that effected various changes to its revolving lines and term loans. Final amounts were similar to what we had anticipated. This amendment did not affect the 'B' corporate credit rating and various debt ratings on TRW. We assigned our 'BB-' issue-level rating and '1' recovery rating to TRW's new revolving lines. We also assigned our 'BB-' issue rating and '1' recovery rating to TRW's new $225 million term loan A2 due May 30, 2015 and to its new $175 million term loan B3 due May 30, 2016. The outlook is positive. On Dec. 24, 2009, Standard&Poor's Ratings Services affirmed its 'B' corporate credit rating and debt

  
Brief Excerpt:

RESEARCH Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings Publication date: 24-Dec-2009 Primary Credit Analyst: Nancy C Messer, CFA, New York (1) 212-438-7672; nancy_messer@standardandpoor...

  
Report Type:

Research Update

Ticker
357970Z
Issuer
GICS
Auto Parts & Equipment (25101010)
Sector
Global Issuers, Structured Finance
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings" Dec 24, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-TRW-Automotive-Inc-Ratings-Are-Affirmed-Various-Loans-And-Revolving-Lines-Are-Assigned-Ratings-766326>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: TRW Automotive Inc. Ratings Are Affirmed; Various Loans And Revolving Lines Are Assigned Ratings Dec 24, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-TRW-Automotive-Inc-Ratings-Are-Affirmed-Various-Loans-And-Revolving-Lines-Are-Assigned-Ratings-766326>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.