Yanfeng Global Auto Interior Sys Co., Ltd — Moody’s confirms Yanfeng’s Baa3 rating; outlook negative

Moody’s Investors Service has confirmed the Baa3 issuer rating of Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI). “The rating confirmation reflects YFAI’s steady revenue generation, driven in turn by its strong position in the global automotive interior market, good geographic diversification, and the operational support from its key indirect shareholder SAIC Motor Corporation Limited,” says Gerwin Ho, a Moody’s Vice President and Senior Credit Officer.

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