Moody has elevated ArvinMeritor’s credit rating
Date:2010-07-14 Source:www.chinatrucks.com
(chinatrucks.com, July 14, 2010) Credit rating organism, Moody’s Investors Service, has elevated ArvinMeritor’s credit rating.
ArvinMeritor is providing integration system, model and parts＆ components for commercial vehicle manufacturer. Moody has adjusted ArvinMeritor’s credit rating of default probability from “Caa1” to “B3”. Besides, Moody has moved revolving credit rating from “B1” to “Ba3”.
North America market has occupied 52% of global revenue of ArvinMeritor in 2010.
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