Fitch Updates Recovery Analyses for U.S. Auto Suppliers and Aerospace and Defense

CHICAGO--December 21, 2011: Link to Fitch Ratings' Report: U.S. Auto and Aerospace Recovery Models -- Third-Quarter Fitch Ratings 2011

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

--American Axle & Manufacturing Holdings, Inc. (AXL);

--Meritor, Inc. (MTOR);

--The Goodyear Tire & Rubber Company (GT);

--TransDigm Group Inc. (TDG).

The interactive recovery analysis worksheets are available at Fitch under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at Fitch

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 12, 2011);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (May 12, 2011).

Applicable Criteria and Related Research:

Corporate Rating Methodology

Fitch Ratings Nethodology