Moody's revises Yanfeng's outlook to stable

Moody's Investors Service said it affirmed the Baa3 issuer rating of Yanfeng International Automotive Technology Co. Ltd.'s.

Moody's has also revised the outlook to stable from negative.

“The outlook change to stable on YFI reflects the recovery in its revenue and margins from the trough of the pandemic, and our expectation that the company will grow its revenue and lower its leverage over the coming 12 to 18 months,” said Gerwin Ho, a Moody's vice president and senior credit officer, in a news release.

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