Moody's confirms Visteon

Moody's Investors Service said it affirmed Visteon Corp.'s corporate family and probability of default rating at B1.

The outlook is stable.

The company's speculative grade liquidity rating was affirmed at SGL-3.

Moody's said the affirmation follows the Visteon announcement of its tender offer to acquire the remaining 30% of the public shares of its Korean affiliate Halla Climate Control Corp. that it does not already own for KRW 913 billion in cash.

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