Moody's affirms Lear

Moody's Investors Service said it affirmed the ratings of the reorganized Lear Corp.'s exit financing, including the corporate family rating at B2, probability of default at B2, senior secured first-lien term loan at Ba2 and senior secured second-lien term loan at Ba3.

The outlook is stable.

Lear emerged from Chapter 11 bankruptcy protection on Nov. 9, the agency said, adding that about $200 million of the first-lien term loan was drawn upon the company's emergence, with the remainder available for drawings within 35 days of emergence.

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