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Standard & Poor's and Moody's Uphold Investment Grade Ratings for Yanfeng Automotive Interiors at 'BBB-'and 'Baa3' (FOTO)

Nachrichtenagentur: news aktuell
19.03.2019, 17:30  |  322   |   |   
SHANGHAI (ots) -

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Yanfeng Global Automotive Interior Systems Co, Ltd. (YFAI)
announced that S&P Global Ratings (Standard and Poor's) and Moody's
Investors Service (Moody's), upheld their credit ratings of 'BBB-'
and 'Baa3' both with a stable outlook. Moody's updated their
investment grade rating on January 31, 2019 and S&P on February 28,
2019. This is the third consecutive year that S&P and Moody's have
rated the company investment grade. Both ratings are subject to
continuous monitoring by both agencies.

Standard & Poor's has affirmed YFAI's long-term corporate rating
of BBB- with a stable outlook. S&P attributed their rating to such
factors as a sound market position in automotive interiors; global
presence; established relationships with major automakers; low debt
leverage and prudent financial management.

Moody's Investors Service has continued to assign a Baa3 issuer
rating with a stable outlook in their update. This rating is based on
credit considerations such as YFAI's steady revenue generation,
driven by a strong position in the global automotive interior market,
as well as strong geographic diversification.

"We are pleased that S&P and Moody's have both upheld their
investment grade ratings for YFAI," said Steve Meszaros, CEO of
Yanfeng Automotive Interiors. "These ratings validate our status as
an industry leader that is well positioned to execute our strategic
priorities and serve our global customers in this period of
significant evolution in the global automotive industry."

"These ratings are an affirmation that our business is
well-positioned in the global market," said Michael Kleinheksel, CFO
of YFAI. "We continue to focus on disciplined execution and improved
efficiency as we deliver our commitments to customers."

About Yanfeng Automotive Interiors

Yanfeng Automotive Interiors (YFAI) is the global leader in
automotive interiors. YFAI is redefining how people relax, work and
play in their vehicle interiors today and decades from now.
Headquartered in Shanghai, the company has approximately 110
manufacturing plants and technical centers in 19 countries and more
than 33,000 employees globally. They design, develop and manufacture
interior components for all automakers. Established in 2015, Yanfeng
Automotive Interiors is a joint venture between Yanfeng, one of the
largest automotive suppliers in China and Adient, the global leader
in automotive seating. For more information, please visit
www.YFAI.com.

Originaltext: Yanfeng Automotive Interiors
digital press kits: http://www.presseportal.de/nr/117551
press kits via RSS: http://www.presseportal.de/rss/pm_117551.rss2

For more information please contact:
Yanfeng Automotive Interiors
Jagenbergstraße 1
41468 Neuss
Germany

Astrid Schafmeister
Tel.: +49 2131 609-3028
E-Mail: astrid.schafmeister@yfai.com

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