Meritor, Inc.: Meritor's announcement to call a portion of its 6.75% notes is credit positive
CORPORATES ISSUER COMMENT 18 August 2017 RATINGS Meritor, Inc. Domicile Troy, Michigan, United States Long Term Rating B1 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Contacts Timothy L. Harrod 212-553-4488 VP-Sr Credit Officer [email protected] Robert Jankowitz 212-553-1318Meritor is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The company serves commercial truck, trailer, military, bus and coach, construction, and other industrial OEMs and certain aftermarkets. The company's segments are: Commercial Truck, which supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems; and Aftermarket, Industrial and Trailer, which supplies axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers.
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