Moody’s raises Visteon, loans

Moody's Investors Service said it upgraded Visteon Corp.’s corporate family and probability of default ratings to Ba3 and Ba3-PD from B1 and B1-PD, respectively, and bank credit facilities to Ba2 from Ba3.

The speculative grade liquidity rating is SGL-2.

The outlook is stable.

Moody’s said the upgrade of Visteon's corporate family rating incorporates the 2015 operational improvement achievements made in its electronics operations. The company’s strong competitive position as a leading supplier of instrument clusters and information displays, and a major supplier of head-up display, automotive audio infotainment and telematics products is also driving improving backlogs, the agency said.

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