TEXT-Moody's cuts Visteon's rating to Caa2

Newswire

(The following statement was released by the rating agency) Approximately $2.4 billion of debt affected Nov 25 - Moody's Investors Service lowered Visteon Corporation's ("Visteon") Corporate Family (CFR) and Probability of Default (PDR) Ratings to Caa2, and Caa1, respectively. In a related action, Moody's also lowered the ratings of Visteon's senior secured term loan to B3 from Ba3, unguaranteed senior unsecured notes to Caa3 from Caa2, and guaranteed senior unsecured notes to Caa2 from ...

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