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Bulletin: Visteon Corp. Rating Not Immediately Affected By New CFO Oct 11
Standard & Poors, Oct 2011
Abstract
NEW YORK (Standard & Poor's) Oct. 17, 2011--Standard & Poor's Ratings Services today said its B+/Stable/-- corporate credit rating on Visteon Corp. was not immediately affected by the announcement that the company has replaced its chief financial officer and selected Goldman Sachs Group and Rothschild Group (an existing advisor) as financial advisors. Still, we will continue to monitor and evaluate implications, if any, arising from this matter, including the evolution of Visteon's post-bankruptcy emergence strategy. For example, any significant changes in Visteon's strategies or financial policies stemming from these announcements are not factored into the current rating. The announcements today follow a May 2011 agreement with Alden Global Distressed Opportunities Master Fund, L.P. which led to two new board members...
Companies mentioned in this report are: Visteon Corp.
Action: Bulletin
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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