Fitch Updates Recovery Analyses for U.S. Auto Suppliers, Aerospace & Defense and Capital Goods

  Fitch Updates Recovery Analyses for U.S. Auto Suppliers, Aerospace & Defense
  and Capital Goods

Business Wire

CHICAGO -- December 21, 2012

Fitch Ratings has published updated recovery analyses for U.S. automotive
suppliers, aerospace and defense issuers and capital goods issuers, including:

--American Axle & Manufacturing Holdings, Inc.;

--Meritor, Inc.;

--The Goodyear Tire & Rubber Company;

--TransDigm Inc.;

--Navistar International Corporation.

The interactive recovery analysis worksheets are available at
'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

The recovery ratings reflect the application of Fitch's current criteria,
which is available on Fitch's website at 'www.fitchratings.com' and
specifically includes the following:

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8, 2012);

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers'
(Nov. 13, 2012).

Applicable Criteria and Related Research: U.S. Auto, Aerospace and Defense,
and Capital Goods Recovery Models ¬タヤ Third-Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=697679

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
Stephen Brown, +1-312-368-3139 (Auto Suppliers)
Senior Director
70 W. Madison St., Chicago, IL 60602
David Petu, +1-212-908-0280 (Aerospace and Defense)
Director
or
Eric Ause, +1-312-606-2302 (Capital Goods)
Senior Director
or
Craig Fraser, +1-212-908-0310
Managing Director
or
Media Relations
Brian Bertsch, +1-212-908-0549
brian.bertsch@fitchratings.com
 
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