Item 8.01 Other Events.

As discussed in Item 1A. "Risk Factors" in the Annual Report on Form 10-K of ArvinMeritor, Inc. ("ArvinMeritor") for the fiscal year ended September 28, 2008 ("Form 10-K"), ArvinMeritor's corporate credit rating at Moody's Investors Service was B1, Standard & Poor's was B+ and Fitch Ratings was B at the time the Form 10-K was filed. On January 12, 2009, Standard & Poor's lowered ArvinMeritor's corporate credit rating to B from B+ and lowered the senior secured credit rating to BB- from BB. On January 13, 2009, Moody's Investors Service lowered ArvinMeritor's corporate credit rating to B2 from B1 and lowered the senior secured credit rating to Ba2 from Ba1. Earlier, on December 23, 2008, Fitch Ratings had lowered ArvinMeritor's Issuer Default Ratings to B- from B.

As discussed in Note 16 of the Notes to Consolidated Financial Statements and under the heading "Liquidity and Contractual Obligations" in Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Form 10-K, ArvinMeritor has a $700 million revolving credit facility maturing in 2011. Borrowings under this facility are subject to interest based on quoted LIBOR rates plus a margin, and a commitment fee, all of which are based on ArvinMeritor's senior secured credit ratings. As a result of the current ratings, ArvinMeritor's cost to borrow under the revolving credit facility has increased by 25 basis points. There was no change in the commitment fee, however.