The ratings on TRW Automotive Inc. reflect its below-average financial profile, characterized by a heavy debt load and subpar cash flow protection, which more than offsets its average business profile as one of the world's 10 largest manufacturers of original equipment automotive parts. The company's product lines include active safety systems and components in the areas of braking, steering, and suspension; passive safety systems and components such as inflatable restraints (airbags), seat belts, and steering wheels; and other automotive components, such as engine valves, engineered fasteners, and body control systems. TRW's average business profile reflects its leading market shares for most of its products, strong technical capabilities, moderate growth prospects, and good diversity within the automotive industry. TRW was a
