TEXT-Moody's cuts Visteon ratings, PDR to Caa3


(The following statement was released by the rating agency) Approximately $2.4 billion of debt affected March 26 - Moody's Investors Service lowered Visteon Corporation's ("Visteon") Probability of Default (PDR) and Corporate Family (CFR) Ratings to Caa3 and Ca, respectively. In a related action, Moody's also lowered the ratings of Visteon's senior secured term loan to Caa2 from B3, un-guaranteed senior unsecured notes to C from Caa3, and guaranteed senior unsecured notes to Ca from ...

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