Visteon's outlook now negative, was stable -Moody's

Newswire

NEW YORK, March 26 (Reuters) - Moody's Investors Service on Monday revised its rating outlook on Visteon Corp. to negative from stable, citing the car parts maker's decision to increase the size of its term loan facility. Visteon earlier this month said it is looking to amend its $1 billion seven-year secured term loan, scheduled to expire in June 2013, to add a new tranche worth up to $500 million. For details, see [ID:nWEN5520]. While the additional funding will improve Visteon's ...

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