Moody’s changes Hella outlook to stable

Moody’s Investors Service said it changed its outlook for Hella GmbH & Co. KGaA to stable from negative and affirmed the Baa3 ratings on its senior unsecured notes.

Hella is majority-owned by Forvia SE. On Thursday, the agency revised Forvia’s outlook to stable from negative and affirmed its Ba2 ratings and this action follows the action on the parent.

“The outlook stabilization also reflects Moody's expectation that Hella's current shareholder structure will remain unchanged in the foreseeable future, with Forvia maintaining its current 80.59% share in Hella's voting rights and 81.59% share of the group's share capital,” Moody’s said in a press release.

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