Moody's rates Mahle notes Ba2

Moody's Ratings said it assigned a Ba2 rating to the new guaranteed senior unsecured notes issued by Mahle GmbH.

Mahle’s Ba2 long term corporate family rating remains unchanged. The outlook is stable.

The rating of the new guaranteed senior unsecured notes is aligned with Mahle’s CFR. The guarantee has been provided by certain operating subsidiaries of Mahle in Europe, North America and Japan, where the company has full ownership. These operating companies represent a material part of Mahle’s group EBITDA.

Mahle’s senior unsecured notes issued in 2021 are not guaranteed and are rated at Ba3, one notch below the CFR.

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