Research Update: Affinia Group Intermediate Holdings Inc.Assigned 'B' Corporate Credit Rating; Outlook Is Stable Sep 11
Standard & Poors, September 2011
Abstract
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. On Sept. 23, 2011, Standard & Poor's Ratings Services assigned its 'B' corporate credit rating to Affinia Group Intermediate Holdings Inc. (Affinia), the entity that files financial statements with the SEC and is the parent of Affinia Group Inc....
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Affinia Group Intermediate Holdings Inc.,Affinia Group Inc.
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