Standard&Poor's Ratings Services believes Livonia, Mich.-based automotive product producer and supplier TRW Automotive Inc.'s solid competitive position in the global auto market, profitability, continuing free cash generation from operations, modest leverage, and strong liquidity could support an upgrade to investment grade in the year ahead if the following uncertainties are resolved. We would need to have confidence that the antitrust investigation continuing in Europe will not result in a material negative use of cash or adverse shift in business prospects for TRW. We would also need to believe that the weak economy in Europe will not cause TRW's European business to report losses or use cash. We would also need to believe that TRW will maintain a moderate
