Livonia, Mich.-based auto supplier TRW Automotive Inc.'s financial results continue to strengthen, leading us to believe that the company's restructured cost base and good competitive position can support continued free cash generation and adequate profitability. We have raised our assessment of the company's financial risk profile based on TRW's improved credit measures and permanent debt reduction. We are raising the corporate credit rating to 'BB+' from 'BB', and we are raising the ratings on TRW's various debt issues. The stable outlook reflects our assumption that the company's financial policy will continue to favor relatively low leverage. NEW YORK (Standard&Poor's) March 15, 2011--Standard&Poor's Ratings Services today said it has raised its corporate credit rating on Livonia, Mich.-based
