Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Dana Incorporated and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a… Continue reading Dana Financing Luxembourg Sarl — Moody’s announces completion of a periodic review of ratings of Dana Incorporated
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BorgWarner Inc. — Moody’s announces completion of a periodic review of ratings of BorgWarner Inc.
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of BorgWarner Inc. New York, July 02, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of BorgWarner Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio… Continue reading BorgWarner Inc. — Moody’s announces completion of a periodic review of ratings of BorgWarner Inc.
Goodyear Tire & Rubber Company (The) — Moody’s announces completion of a periodic review of ratings of Goodyear Tire & Rubber Company (The)
Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Goodyear Tire & Rubber Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies),… Continue reading Goodyear Tire & Rubber Company (The) — Moody’s announces completion of a periodic review of ratings of Goodyear Tire & Rubber Company (The)
NIO Inc. Provides June and Second Quarter 2020 Delivery Update
Company Achieved Record-High Monthly and Quarterly Deliveries NIO delivered 10,331 vehicles in the three months ended June 2020, exceeding quarterly guidance NIO delivered 3,740 vehicles in June 2020 setting a new monthly record Cumulative deliveries of ES8 and ES6 reached 46,082 SHANGHAI, China, July 02, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”)… Continue reading NIO Inc. Provides June and Second Quarter 2020 Delivery Update
Magna International Investments S.A. — Moody’s announces completion of a periodic review of ratings of Magna International Inc.
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Magna International Inc. Toronto, June 30, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Magna International Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a… Continue reading Magna International Investments S.A. — Moody’s announces completion of a periodic review of ratings of Magna International Inc.
Eaton Commits to Aggressive Science-based Targets to Mitigate Catastrophic Climate Change
Eaton aims to be carbon neutral in its operations by 2030 Power management company Eaton (NYSE:ETN) today announced it will join the global movement to limit the increase of the world’s temperature to 1.5°C by committing to science-based targets. These targets include cutting carbon emissions from the company’s operations by at least 50 percent by… Continue reading Eaton Commits to Aggressive Science-based Targets to Mitigate Catastrophic Climate Change
Eaton Capital Unlimited Company — Moody’s changes Eaton’s outlook to stable from positive; affirms Baa1 senior unsecured rating
Moody’s Investors Service (“Moody’s”) has changed the outlook for Eaton Corporation (“Eaton”) to stable from positive and affirmed all ratings for the company, including the Baa1 senior unsecured debt rating. “The current industrial downturn that has been deepened by the effects of coronavirus has halted Eaton’s path towards deleveraging and margin improvement, and a credit… Continue reading Eaton Capital Unlimited Company — Moody’s changes Eaton’s outlook to stable from positive; affirms Baa1 senior unsecured rating
Compagnie Gener. des Etablissements Michelin — Moody’s withdraws Michelin’s short-term Prime-2 ratings due to Moody’s own business reasons
Moody’s Investors Service, (“Moody’s”) has today withdrawn the short-term Prime-2 (P-2) ratings of Compagnie Generale des Etablissements Michelin (CGEM, or Michelin) and Compagnie Financiere Michelin SCmA (CFM), a wholly owned subsidiary of CGEM. Please refer to the Moody’s Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. On 14 May 2020,… Continue reading Compagnie Gener. des Etablissements Michelin — Moody’s withdraws Michelin’s short-term Prime-2 ratings due to Moody’s own business reasons
NIO China Receives First Two Installments of Cash Infusion
NIO Inc. NIO recently announced that its strategic investors, including Hefei City Construction and Investing Holding, CMD-SDIC Capital and Anhui Provincial Emerging Industry Investment, have completed cash injections for NIO Anhui, a legal entity of NIO China wholly owned by the company, for the first two installments of funding commitments. NIO Anhui’s minority investors include… Continue reading NIO China Receives First Two Installments of Cash Infusion
NIO Announces Substantial Completion of Cash Injections into NIO China in June
SHANGHAI, China, June 29, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today announced that the investors have substantially completed the cash injection obligations for the first two installments of their investments in NIO China. NIO (Anhui) Holding Co., Ltd., or NIO Anhui,… Continue reading NIO Announces Substantial Completion of Cash Injections into NIO China in June