Livonia, Mich.-based auto supplier TRW Automotive Inc. continues to report good financial results at existing, moderate light-vehicle production levels, leading us to believe that the company's restructured cost base can support continued free cash generation and adequate profitability. Also, we believe the company is demonstrating a renewed focus on permanently reducing debt. We are raising the corporate credit rating on TRW to 'BB-' from 'B+' and are raising the debt ratings. The outlook is stable, reflecting our belief that the company's midterm financial prospects can support the higher rating. NEW YORK (Standard&Poor's) May 6, 2010--Standard&Poor's Ratings Services today said it has raised its corporate credit rating on Livonia, Mich.-based auto supplier TRW Automotive Inc. to 'BB-'
