S&P gives Delphi loan BBB

Standard & Poor's said it assigned its BBB issue rating and 1 recovery rating to Delphi Corp.'s amended and extended $2,075,000,000 senior secured credit facility maturing March 1, 2018.

The issue rating is two notches above the corporate credit rating of the parent company, Delphi Automotive plc, which is a tier I supplier to the global automotive industry.

The BB+ corporate credit rating on Delphi Automotive remains unchanged.

The outlook remains positive.

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