AVX CORP <AVX> DEBT AFFIRMED BY S/P
Standard and Poor's Corp said it
affirmed the B-plus rating on AVX Corp's 28 mln dlrs of
subordinated debt.
    The company's implied senior debt rating is BB.
    S and P said AVX's purchase offer for CTS Corp <CTS> has
expired and the acquisition does not appear likely to occur.
AVX was listed on S and P's creditwatch with negative
implications on December 17, 1986, because of the proposed
acquisition.
 Reuter
