S&P’s upgrades Tenneco ratings
Reflects company’s recent performance
Tenneco Inc.’s recent performance in the challenging environment of automotive suppliers has led Standard & Poor's to raise its ratings on the company, including the corporate credit rating, upgrading it to 'BB-'. The ratings were also removed from CreditWatch with positive implications, where they were placed on 30 January 2006. The outlook is stable. As of 31 December 2005, the company had US$1.4bn in balance-sheet debt.
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