Moody's Ratings assigns a Baa1 senior unsecured rating to BorgWarner's proposed senior notes
Moody's Ratings (Moody's) assigned a Baa1 rating to BorgWarner Inc.'s (BorgWarner) proposed senior unsecured notes. All other ratings are unaffected including the company's existing senior unsecured notes ratings at Baa1 and the P-2 short term commercial paper rating. The outlook is stable. Proc...BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.
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