TEXT-S&P revises Magna International outlook


(The following statement was released by the rating agency) -- We are affirming our 'BBB' long-term corporate credit rating on Magna International Inc. -- We are revising our outlook on Magna to positive from stable reflecting what we believe is stabilization in the company's end markets and the material year-over-year improvement in revenues, operating margin, and cash flow generation so far in fiscal 2010. -- Following Magna's completion of its plan of arrangement in August 2010, we ...

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