Moody's Assigns B2 Corporate Family Rating To Schaeffler

Date : 01/27/2012 @ 1:06PM
Source : Dow Jones News
Stock : Moodys Corp. (MCO)
Quote : 118.32  -1.11 (-0.93%) @ 3:59PM

Moody's Assigns B2 Corporate Family Rating To Schaeffler

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Rating firm Moody's Investors Service said Friday that it assigned a B2 corporate family rating and a B2 probability of default rating to German engineering firm and car-parts maker Schaeffler AG.

MAIN FACTS:

- Moody's assigned a provisional (P)B1 rating to Schaeffler's syndicated senior term loan facility C2 and a provisional (P)B1 rating to Schaeffler's planned bond issue.

- The outlook on the ratings is stable.

- Privately-held Schaeffler is the dominant shareholder of Continental AG (CON.XE).

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 



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