NEW YORK (Standard&Poor's) Sept. 22, 2014--Standard&Poor's Ratings Services affirmed its ratings, including the 'BBB-' corporate credit rating and other ratings, on TRW Automotive Inc. Livonia, Mich.-based TRW Automotive Inc. announced it has reached a definitive agreement with Germany-based ZF Friedrichshafen AG (unrated; privately held) to be acquired in a largely debt-funded transaction valued at $12.4 billion. The ratings affirmation reflects our expectation that the company will repay its rated debt upon closing of the transaction. RELATED CRITERIA AND RESEARCH Related Criteria Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Jan. 2, 2014 Corporate Methodology, Nov. 19, 2013 Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 Key Credit Factors For The Auto Suppliers Industry, Nov. 19,
