TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised - S&P Global Ratings’ Credit Research

TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised

TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised - S&P Global Ratings’ Credit Research
TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised
Published Nov 18, 2009
1099 words — Published Nov 18, 2009
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Abstract:

NEW YORK (Standard&Poor's) Nov. 18, 2009--Standard&Poor's Ratings Services today said it has assigned its 'B-' issue rating to TRW Automotive Inc.'s proposed $250 million senior unsecured debt offering. We assigned this debt a recovery rating of '5', reflecting our expectation that lenders would receive modest (10% to 30%) recovery of principal in a default. At the same time, we raised our issue ratings on TRW's senior secured term loan debt and revolving credit line to 'BB-' from 'B+' and revised the recovery rating on that debt to '1' from '2', reflecting our expectation that lenders would receive very high (90% to 100%) recovery of principal in a default. We also raised our issue rating on TRW's

  
Brief Excerpt:

RESEARCH TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised Publication date: 18-Nov-2009 Primary Credit Analyst: Nancy C Messer, CFA, New York (1) 212-438-7672; nancy_messer@standardandpo...

  
Report Type:

Ratings Action

Ticker
357970Z
Issuer
TRW Automotive Inc.
GICS
Auto Parts & Equipment (25101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised" Nov 18, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/TRW-Automotive-Inc-s-Proposed-250-Mil-Sr-Unsecured-Debt-Rated-B-Recov-Rtg-5-Other-Debt-Ratings-Raised-757961>
  
APA:
S&P Global Ratings’ Credit Research. (). TRW Automotive Inc.'s Proposed $250 Mil. Sr. Unsecured Debt Rated 'B-' (Recov. Rtg. '5'); Other Debt Ratings Raised Nov 18, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/TRW-Automotive-Inc-s-Proposed-250-Mil-Sr-Unsecured-Debt-Rated-B-Recov-Rtg-5-Other-Debt-Ratings-Raised-757961>
  
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