Fitch Ratings has upgraded the issuer default ratings for TRW and its main subsidiary TRW Automotive Inc. (NYSE:TRW) from “BB+” to “BBB-“ based on the rebound of the company from the global economic recession in 2009.
BBB is the lowest investment-grade rating, reflecting the company’s sound credit scenario and low default risk. However, BB ratings are speculative, carrying a risk of default.
Fitch also appreciated TRW’s cash flow and balance sheet positions. The agency believes that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards