- Published: May 2012
Bulletin: Visteon Corp. Ratings, Outlook Not Immediately Affected By Board Member Resignation, Standstill With Investor Group May 11
- Published: May 2011
- Standard & Poors
NEW YORK (Standard & Poor's) May 16, 2011--Standard & Poor's Ratings Services today said its 'B+' corporate credit rating on Visteon Corp. was not immediately affected by the announcement that Mr. William Redmond would resign from the Visteon board effective May 20, 2011 and that the company has entered into an agreement with Alden Global Distressed Opportunities Master Fund, L.P. Mr. Redmond's letter cites the company's agreement with Alden as one reason for the resignation. We will continue to monitor and evaluate implications, if any, arising from this matter as well as Visteon's ability to effectively execute its post-emergence strategy. For example, significant changes in Visteon's strategies or financial policies, stemming from the upcoming Alden board representation or otherwise, are...
Companies mentioned in this report are: Visteon Corp.
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