Moody’s Investors Service, (“Moody’s”) has today confirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating (PDR) of Kongsberg Automotive ASA (Kongsberg). Concurrently the rating agency has confirmed the B1 rating of the 275 million senior secured notes issued by its financing subsidiary Kongsberg Actuation Systems B.V. The outlook on all ratings was changed to negative from ratings under review.