Leading market positions; Good product, customer, and geographic diversity; Good technology, value-added content; and Module and systems supply opportunities Tough competition; Cyclical demand; Pricing pressures; and Somewhat below-average financial profile The ratings on Livonia, Mich.-based TRW Automotive Inc. (TRW) reflect a somewhat below-average financial profile, characterized by a diminishing, but still moderately heavy, debt load, 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
