Fitch cuts Delphi loans to BB-

Fitch Ratings said it downgraded the ratings of Delphi Corp., including its senior unsecured debt and bank facilities to BB- from BB+ and trust preferred to B from BB-.

The ratings also remain on Rating Watch Negative.

Fitch said the downgrade reflects Delphi's exposure to GM production rates and the continuing stresses placed on the automotive supplier universe, including pricing pressures, lower production rates, higher commodity prices and high fixed costs structures.

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