RPT-Fitch says it may raise Visteon's rating

Newswire

(Repeats with no change to headline or text) NEW YORK, May 25 (Reuters) - Fitch Ratings on Wednesday said it may raise its rating on auto parts supplier Visteon Corp. , citing an agreement reached with Ford Motor Co. to restructure Visteon. Visteon on Wednesday said it will slash costs by transferring 24 plants and 17,400 workers to a separate entity owned by former parent Ford. A rating upgrade could lower Visteon's borrowing costs. "If the agreement is finalized as proposed, Visteon ...

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