Moody's says Delphi's Plan to Spin-off Powertrain Systems is Credit Negative
Announcement: Moody's says Delphi's Plan to Spin-off Powertrain Systems is Credit Negative. Global Credit Research- 03 May 2017. New York, May 03, 2017-- Moody's Investors Service said that Delphi Automotive PLC's announcement today that it intends to spin-off its Powertrain Systems segment is credit negative, but does not impact Delphi's Baa2 Senior Unsecured Rating nor stable rating outlook at this time.
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