Standard & Poor’s and Moody’s affirm Investment Grade Ratings for Yanfeng Automotive Interiors at ‘BBB-’and ‘Baa3’
Yanfeng Global Automotive Interior Systems Co, Ltd. (YFAI) today announced that S&P Global Ratings (Standard and Poor’s) and Moody’s Investors Service (Moody’s), affirm their credit ratings of ‘BBB-’ and ‘Baa3’ both with a stable outlook. Moody’s affirmed their investment grade rating on February 8, 2018 and S&P on March 7, 2018. The ratings are subject to continuous review by both agencies.
Standard & Poor’s has affirmed YFAI’s long-term corporate rating of BBB- with a stable outlook. This is the second year that S&P has rated the company investment grade.
Moody’s Investors Service has continued to assign a Baa3 issuer rating with a stable outlook.
“We are pleased that both S&P and Moody’s affirmed their ratings of YFAI with investment grade status,” said Johannes Roters, CEO of Yanfeng Automotive Interiors. “This enables YFAI to ensure we are able to execute our strategic vision and priorities, as well as continue to develop and invest in new capabilities driving our business forward.”
“We believe these ratings are a testament to our team’s performance, efficiency and the execution of our strategy,” said Michael Kleinheksel, CFO YFAI, “All of these further underscore Yanfeng Automotive Interiors’ position as an industry leader.”