Moody's assigns Aston Martin, notes B2

Moody's Investors Service said it assigned a provisional corporate family rating and probability of default rating of provisional B2 to Aston Martin Holdings (UK) Ltd., as well as a provisional B2 (LGD 4, 53%) rating on Aston Martin Capital Ltd.'s planned notes issue.

The outlook is stable.

The ratings reflect its limited size and financial strengths compared to some direct peers that are part of a larger group of European car manufacturers, along with its relatively narrow product line focusing on high-end luxury sports cars, Moody's said.

The ratings also consider the company's strong brand name and pricing position in the luxury car segment, along with its lean organization with a high degree of flexibility in its cost structure demonstrated, the agency said.

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