Moody’s revises Aptiv view to stable

Moody’s Investors Service said it revised the outlook for Aptiv plc to stable from under review.

Also, the agency confirmed the senior unsecured ratings of Aptiv at Baa2 and the senior unsecured notes issued by the group’s subsidiary Aptiv Corp. at Baa2.

These actions end the review for downgrade Moody’s started on March 26, the agency said.

“The stable outlook takes into account our expectation that Aptiv will sustain low leverage and strong liquidity, despite some temporary weakness of financial metrics during a very challenging year 2020,” said Matthias Heck, a Moody’s vice president, senior credit officer and lead analyst for Aptiv in a press release.

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