Standard and Poors assigns Faurecia 'BB+' long-term credit ratings with stable outlook
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Standard & Poors assigns Faurecia their 'BB+' long-term corporate credit ratings, with a stable outlook.
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The stable outlook reflects their view that Faurecia will gradually improve its profitability, with an S&P Global Ratings-adjusted EBITDA margin widening toward 9% in 2018 and funds from operations to adjusted debt within the 35%-40% range.
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