UPDATE 1-Fitch, S&P say may raise Visteon debt ratings


(New throughout with S&P move, bond quote) NEW YORK, May 25 (Reuters) - Two major ratings agencies on Wednesday said they may raise junk-rated Visteon Corp.'s bond rating after the company's former parent, Ford Motor Co. , agreed to help bail out the ailing parts supplier. However, any revised rating would still be below investment grade. Rating upgrades usually lower a company's borrowing costs. Visteon said it will slash costs by transferring 24 plants and 17,400 workers to a ...

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