Amadeusz Juskowiak

Avx corp avx debt affirmed by sp

Standard and Poors Corp said it affirmed the Bplus rating on AVX Corps 28 mln dlrs of subordinated debt

The companys implied senior debt rating is BB

S and P said AVXs purchase offer for CTS Corp CTS has expired and the acquisition does not appear likely to occur AVX was listed on S and Ps creditwatch with negative implications on December 17 1986 because of the proposed acquisition

Reuter