S&P gives Hayes Lemmerz, loan B-

Standard & Poor's said it assigned its B- corporate credit rating to Hayes Lemmerz International Inc. following the company's emergence from Chapter 11 bankruptcy protection.

The agency said it also assigned a B- rating and a 3 recovery rating to the $200 million senior secured term loan borrowed by subsidiaries HLI Operating Co. Inc. and Hayes Lemmerz Finance LLC-Luxembourg SCA and guaranteed by Hayes.

According to the agency, the ratings reflect what it considers to be Hayes' highly leveraged financial risk profile and vulnerable business risk profile, following its emergence from bankruptcy.

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