Moody’s Investors Service upgraded Lear Corporation’s (Lear) senior unsecured rating to Baa2 from Baa3, and changed the rating outlook to stable from positive. The Baa2 senior unsecured debt rating incorporates Lear’s ability to adjust to cyclical changes in auto demand due to demonstrated flexibility in its cost structure, its considerable scale and importance as a $21 billion global Tier 1 Auto OEM supplier, and Moody’s expectation that Lear’s moderate debt amount and especially low financial leverage will be sustained.