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Fitch Updates Recovery Analyses for US Automotive, Aerospace & Defense, & Capital Goods Sectors

  Fitch Updates Recovery Analyses for US Automotive, Aerospace & Defense, &
  Capital Goods Sectors

Business Wire

CHICAGO -- July 11, 2013

Fitch Ratings has published updated recovery analyses for the following U.S.
auto and related, aerospace and defense, and capital goods companies:

--American Axle & Manufacturing Holdings, Inc.

--Goodyear Tire & Rubber Company (The)

--Meritor, Inc.

--TransDigm Inc.

--Navistar International Corporation

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

Sectors then Corporate Finance then Corporates then Research

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

Applicable Criteria and Related Research: U.S. Auto, Aerospace and Defense,
and Capital Goods Recovery Models -- First-Quarter 2013

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=712817

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. FITCH MAY HAVE PROVIDED ANOTHER
PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS
OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN
EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH WEBSITE.

Contact:

Fitch Ratings
Stephen Brown (Auto Suppliers), +1 312-368-3139
Senior Director
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
David Petu (Aerospace and Defense), +1 212-908-0280
Director
or
Eric Ause (Capital Goods), +1 312-606-2302
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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