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BULLETIN: Visteon Sells Restraint Electronics Business Feb 02
Standard & Poors, Feb 2002
Abstract
The announcement that Visteon Corp. (BBB/Stable/A-2) has entered into a definitive agreement to sell its restraint electronics business to Autoliv Inc. (BBB+/Stable/A-2) has no impact on Standard & Poor's ratings or outlook on Visteon. The sale, which includes Visteon's North American and European order book of approximately $150 million in annual sales to Ford Motor Co. and its affiliates as well as related assets and liabilities, is in keeping with Visteon's efforts to streamline and refocus its product portfolio to enhance its operating profit potential and competitive profile....
Companies mentioned in this report are: Visteon Corp.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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