Fitch rates American Axle loan BB+/RR1

Fitch Ratings said it assigned a rating of BB+/RR1 to American Axle & Manufacturing, Inc.'s new $150 million secured term loan A due 2018.

American Axle & Manufacturing is the principal operating subsidiary of American Axle & Manufacturing Holdings, Inc.

The issuer default ratings for both American Axle & Manufacturing and American Axle & Manufacturing Holdings are B+ and the outlooks are positive.

Fitch said the ratings and positive outlooks are supported by its expectation that the drivetrain and driveline supplier's credit profile will strengthen over the intermediate term, despite some deterioration over the past year.

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