Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of Faurecia SA (Faurecia) to Ba1 from Ba2. The outlook on the ratings is stable
"The upgrade of Faurecia's ratings reflects the company's continued improvements in its operating performance over the last two years, which has sustained leverage metrics within our expectations for a rating upgrade. Moreover, profitability has consistently improved and now meets our expectations for a Ba1. Within a stable industry environment, we expect further gradual improvements in Faurecia's credit metrics," says Matthias Heck, a Moody's Vice President -- Senior Analyst and Lead Analyst for Faurecia.
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Executive Vice-President, Finance
Michel Favre graduated from HEC business school in 1982 began his career as bank auditor and consultant. He worked with Valeo during 13 years before joining Altadis Group in July 2001, where[...]
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