Moody's raises U.S. auto parts suppliers outlook

NEW YORK, June 8 (Reuters) - Moody's Investors Service revised its outlook for U.S. automotive parts suppliers to positive from stable on Tuesday, citing growing demand for vehicle parts as sales rise in a recovering economy.

Moody's revised upward its U.S. light vehicle sales forecast for 2011 to 13.5 million units, an increase of 500,000, the report said. But the 2010 forecast was unchanged at 11.5 million, Moody's said, which would be a 10 percent increase from 2009.