S&P rates Visteon notes B+

Standard & Poor's said that it assigned an issue-level rating of B+ and recovery rating of 4 to Visteon Corp.'s proposed $500 million of senior notes due 2019 and affirmed the B+ corporate credit rating.

The outlook is stable.

The affirmation reflects the belief that the company will continue to improve its operating performance, including maintaining operating margins in the upper-single digits, following its emergence from Chapter 11 in October 2010, S&P said.

The ratings also consider the expectation that the company's key credit measures will remain fairly consistent during the next year, the agency said.

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