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Moody's assignes 'Ba1' CFR to Motherson Sumi Systems
Mar-30-2020
Credit rating agency -- Moody's Investors Service has assigned 'Ba1' corporate family rating (CFR) to Motherson Sumi Systems. Further, the outlook has been revised to ‘rating under review’ from ‘negative’.

The weakness in company’s credit profile, including its exposure to final consumer demand for automobiles, has left it vulnerable to shifts in market sentiment in these unprecedented operating conditions and company remains vulnerable to the outbreak continuing to spread.

Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.

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