News: American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

19.79USD
1 Aug 2013
Price Change (% chg)

$0.34 (+1.75%)
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$19.87
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Thu, Feb 14 2013

TEXT - Fitch rates American Axle & Manufacturing Inc proposed notes

Feb 14 - Fitch Ratings has assigned a rating of 'B-/RR6' to American Axle & Manufacturing, Inc.'s (AAM) proposed issuance of $400 million in senior unsecured notes due 2021. AAM is the principal operating subsidiary of American Axle & Manufacturing Holdings, Inc. (AXL). Fitch's Issuer Default Rating (IDRs) for both AXL and AAM is 'B+' and the Rating Outlook for both is Positive. The proposed new notes will be guaranteed by AXL and each of its subsidiaries that also guarantee AAM's 6.625% se

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