US: S&P upgrades American Axle

Standard & Poor’s has made a one-notch upgrade to the rating of American Axle, to B-, taking it out of highly speculative territory. The ratings agency cites the supplier’s recently-announced improved Q4 2009 operating results and liquidity. The view is now stable. In early February 2010, American Axle announced Q4 2009 … It’s time to …

Standard & Poor’s has made a one-notch upgrade to the rating of American Axle, to B-, taking it out of highly speculative territory. The ratings agency cites the supplier’s recently-announced improved Q4 2009 operating results and liquidity. The view is now stable.

In early February 2010, American Axle announced Q4 2009 …

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