TEXT-Moody's assigns Visteon SGL-1 rating

Newswire

(The following statement was released by the rating agency) NEW YORK, May 24 - Moody's Investors Service assigned a speculative grade liquidity rating of SGL-1 to Visteon Corporation . The SGL-1 rating reflects the current strong cash position of the company and an expectation that it will maintain solid liquidity over the next year from a combination of: its existing cash on hand; internal cash generation which ought to cover working capital, a substantial portion of capital expenditures ...

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