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Oxford Receives Credit Rating Upgrade From Standard & Poor's

1 September 2000

Oxford Automotive Inc. Receives Credit Rating Upgrade From Standard & Poor's

    TROY, Mich., Aug. 31 Standard & Poor's has raised its
corporate credit rating on Oxford Automotive, Inc. to double B minus from
single B plus and its subordinated debt rating to single B from single B
minus.  Oxford Automotive is a leading Tier 1 supplier to automotive OEMs
worldwide.
    Standard & Poor's Corporate Credit Rating is an evaluation of
creditworthiness used by many public and private companies and is an objective
means of demonstrating a company's credit strength to its customers,
suppliers, creditors, foreign exchange, swap or derivative counterparties.
Participating in a Corporate Credit Rating provides top management with
valuable insight into issues affecting its credit quality that can be
integrated into its strategic decision-making process.
    The improved ratings reflect the improved financial and business profiles
that Oxford Automotive has achieved following the successful integration of
acquisitions and internal growth over the past several years.  Besides
significantly increasing its revenue base, the acquisitions have also
significantly broadened Oxford Automotive's product, technology, and customer
breadth, as well as its geographic diversification.
    "We're very pleased with the results reported by Standard & Poor's and we
appreciate their recognition of our performance," said Aurelian Bukatko, Chief
Financial Officer of Oxford Automotive, Inc.  "Oxford has improved its credit
quality through the purchase of complementary companies at prudent multiples,
effective integration of these companies, general productivity and improvement
programs and ongoing accumulation of earnings.  In addition, we believe that
we are well positioned to benefit from three recognized trends in the stamping
and metal forming segments of the automotive industry in the coming years:
increased outsourcing, consolidation and globalization.  With new
acquisitions, and product launches underway we are on track in our strategy as
a leading worldwide metal forming supplier to the automotive industry."