TRW Automotive's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research

TRW Automotive's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1)

TRW Automotive's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1) - S&P Global Ratings’ Credit Research
TRW Automotive's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1)
Published Apr 27, 2007
Published Apr 27, 2007
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 27, 2007--Standard&Poor's Ratings Services assigned its bank loan and recovery ratings to TRW Automotive Inc.'s proposed $2.5 billion senior secured credit facilities. The credit facilities were rated 'BBB-' (one notch higher than the corporate credit rating) with a recovery rating of '1', indicating a high expectation for full recovery of principal in the event of a payment default. (For the complete recovery analysis, see Standard&Poor's recovery report on TRW, to be published on RatingsDirect immediately following the release of this report.) At the same time, Standard&Poor's affirmed its ratings on the auto supplier, including its 'BB+' long- and 'A-3' short-term corporate credit ratings. The outlook is stable. TRW

  
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's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1)" Apr 27, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/TRW-Automotive-s-Proposed-2-5-Billion-Credit-Facilities-Rated-BBB-Recovery-Rating-1-575500>
  
APA:
S&P Global Ratings’ Credit Research. (). TRW Automotive's Proposed $2.5 Billion Credit Facilities Rated 'BBB-' (Recovery Rating: 1) Apr 27, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/TRW-Automotive-s-Proposed-2-5-Billion-Credit-Facilities-Rated-BBB-Recovery-Rating-1-575500>
  
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