Moody’s changes Meritor view to positive

Moody's Investors Service said it affirmed Meritor, Inc.'s debt ratings, including B2 corporate family rating, Ba2 senior secured rating, B3 unsecured rating, and SGL-2 speculative grade liquidity rating.

The outlook was changed to positive from stable.

Moody’s said the revised positive outlook reflects the continuing progress Meritor is expected to make in building a more sustainable business model and reducing its vulnerability to the downturns in the global truck market by implementing its M2016 strategic plan.

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