Fitch Ratings has announced it has upgraded the issuer default rating (IDR) of BorgWarner to ‘BBB+’ from ‘BBB’. Fitch has also upgraded the supplier’s unsecured credit facility and senior unsecured notes ratings to ‘BBB+’ from ‘BBB’.
The ratings apply to a US$650m unsecured revolving credit facility and US$655m (par value) in …
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