Moody's: Nexteer Automotive Group's proposed joint venture with Continental AG is credit positive
Hong Kong, January 12, 2017-- Moody's Investors Service says that Nexteer Automotive Group Limited's proposed formation of a joint venture-- if completed-- with Continental AG is credit positive, but will not immediately affect Nexteer's Ba1 corporate family and senior unsecured bond ratings. The ratings outlook remains stable. "Nexteer's proposed joint venture with Continental is credit positive because it strengthens Nexteer's development of vehicle motion control...
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