Summary: TRW Automotive Inc.

Leading market position in active and passive auto safety products Fair product and geographic diversity across the globe Good technology and value-added content Susceptible to potential weakness in Europe Highly cyclical and competitive markets Somewhat concentrated customer base Low debt leverage Free cash flow generation expected even if auto demand does not improve substantially Higher capital spending to expand further in emerging markets Exposure to volatile commodity prices The outlook is stable. Standard&Poor's Ratings Services expects TRW Automotive Inc. to continue generating solid earnings and cash flow with stable credit measures despite the weak European automotive market and the company's investments in growth. The credit measures necessary to maintain the 'BBB-' corporate credit rating include debt leverage of

Summary