Research Update: Affinia Group Intermediate Holdings Inc.Assigned 'B' Corporate Credit Rating; Outlook Is Stable Sep 11
- Language: English
- Published: September 2011
We are assigning our corporate credit rating of 'B' to Affinia Group Intermediate Holdings Inc. Affinia Group Intermediate Holdings Inc. is the entity that files financial statements with the SEC; it is the parent of Affinia Group Inc. The corporate credit rating was formerly assigned to Affinia Group Inc. We are maintaining our issue ratings on Affinia Group Inc.'s debt (see list below). The stable outlook on Affinia reflects our opinion that the company will continue to generate free cash flow. NEW YORK (Standard & Poor's) Sept. 23, 2011--Standard & Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to Ann Arbor, Mich.-based Affinia Group Intermediate Holdings Inc. (Affinia), the entity that files financial statements with...
Companies mentioned in this report are: Affinia Group Intermediate Holdings Inc.,Affinia Group Inc.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Affinia Group Intermediate Holdings Inc.,Affinia Group Inc.