08.08.2016, 21:20
S&P: Affinia Group Intermediate Holdings Inc. Ratings Withdrawn At Issuer's Request
OREANDA-NEWS. S&P Global Ratings said today that it has withdrawn its 'B' corporate credit rating on Affinia Group Intermediate Holdings Inc. at the issuer's request after the company's parent, Affinia Group Holdings Inc., completed its merger with MANN+HUMMEL Holding GmbH.
At the same time, we withdrew all of our ratings on the company's term loan and senior unsecured notes. As per the terms of the credit agreement, the term loans were refinanced concurrent with the completion of the merger transaction. In our understanding, Affinia has redeemed all of its senior notes due 2021 and issued notices of termination of registration and suspension of duty to file reports with the SEC.
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