Having recently upgraded ArvinMeritor's Issuer Default Rating (IDR), secured bank facility ratings, and unsecured notes ratings, Fitch Ratings has announced similar upgradings for Tenneco. The ratings agency has increased the IDR to 'B+' from 'B'; the senior secured revolving credit facility to 'BB+/RR1' from 'BB/RR1'; the senior secured term loan Subscribe to Automotive World to … Continued
Having recently upgraded ArvinMeritor's Issuer Default Rating (IDR), secured bank facility ratings, and unsecured notes ratings, Fitch Ratings has announced similar upgradings for Tenneco. The ratings agency has increased the IDR to 'B+' from 'B'; the senior secured revolving credit facility to 'BB+/RR1' from 'BB/RR1'; the senior secured term loan
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https://www.automotiveworld.com/articles/81004-us-fitch-ratings-upgrades-tenneco/
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