TEXT-S&P raises Lear Corp rtg to 'BB-' from 'B'

Newswire

(The following statement was released by the rating agency.) -- We believe Lear Corp.'s credit measures have improved significantly due to the recovery in light-vehicle demand in North America and Europe and its substantially reduced cost structure. We believe recent profitability and cash flow improvement is sustainable at current levels of auto sales and supports a higher rating. -- We are raising our corporate credit rating on Lear to 'BB-' from 'B'. At the same time, we are raising ...

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