PARIS, December 10, 2010 /PRNewswire/ -- In a press
release on 9 December 2010, Moody's
Investors Service affirmed Valeo's Ba1 rating and upgraded its
outlook from "stable" to "positive".
Valeo is pleased to acknowledge this recognition of its improved
financial performance.
The Group's profitability having strongly progressed versus the
objectives of the strategic plan presented in the first quarter
2010, Valeo will review its medium term outlook during an
investors' day to be organized in March
2011.
Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and
modules for the automotive industry, mainly for CO2 emissions
reduction. Valeo ranks among the world's top automotive suppliers.
The Group has 110 plants, 21 Research centers, 40 Development
centers, 10 distribution platforms and employs 57,300 people in 27
countries worldwide.
For more information about the Valeo Group and its activities,
please visit our web site http://www.valeo.com.
