Northrop Grumman's chairman and chief executive officer is confident his company's multibillion-dollar offer to acquire TRW will not affect Northrop's investment ratings. "We will remain investment grade, however we come to that," Kent Kresa said yesterday at a Salomon Smith Barney-sponsored conference in New York. Kresa was responding to a question about whether Northrop will go through with the acquisition if analysts and debt rating agencies downgrade his company's status. On Feb. 22, Northrop offered TRW $47 worth of Northrop...
