TEXT-S&P rates Visteon prop'd $500 Mil.sr. notes 'B+',rtgs afrmd


(The following statement was released by the ratings agency) March 29 - Michigan-based global auto component supplier Visteon Corp. emerged from Chapter 11 bankruptcy protection in October 2010. -- We are affirming the 'B+' corporate credit rating and stable outlook on Visteon and assigning a 'B+' issue-level rating on the company's proposed $500 million senior unsecured notes due 2019, proceeds of which will be used repay the term loan that was part of the company's bankruptcy emergence ...

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