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Standard & Poor's Upgrades TRW Automotive to B+ (TRW)

Written on Fri, 03/12/2010 - 4:04pm
By Chip Brian

3/12/2010-Standard & Poor's Ratings Services upgraded TRW Automotive (NYSE:TRW) by one notch to B+, four steps into junk territory, with a stable outlook as a gradual recovery in output lifts the struggling auto industry.

Analyst Nancy Messer said that "the upgrade reflects our belief that TRW's improved financial risk profile, which we now view as aggressive, is sustainable."

Keywords: automotive poor's upgrade Stock smartrend

Ticker(s): TRW

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