Fitch affirms Aptiv

Fitch Ratings said it affirmed the long-term issuer default ratings of Aptiv plc and its subsidiary, Aptiv Corp., at BBB.

Fitch also affirmed Aptiv’s senior unsecured notes at BBB, as well as its unsecured term loan A, unsecured revolving credit facility, and senior unsecured notes at BBB.

The outlook is stable.

“The ratings of APTV and Aptiv reflect the company's solid credit profile as it leverages its strong market position in advanced automotive technologies and its low cost base to drive margins and FCF that are relatively high for the auto supply industry,” the agency said in a news release.

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