NEW YORK (Standard&Poor's) Feb. 5, 2004--Standard&Poor's Ratings Services said today that it raised all of its ratings on TRW Automotive Inc. (TRW), including the corporate credit rating, to 'BB+' from 'BB', and removed them from CreditWatch where they were placed on Dec. 22, 2003, pending completion of an IPO and an amended and restated bank credit facility. "With the completion of both transactions, TRW has reduced debt by about $530 million, strengthening its financial profile," said Standard&Poor's credit analyst Daniel DiSenso. Livonia, Mich.-based TRW has total outstanding debt is about $2.8 billion. The outlook is stable. The company's product lines include active safety systems and components in the areas of braking, steering, and suspension;
