...The ratings of Aptiv PLC (APTV) and its Aptiv Corporation subsidiary (Aptiv) reflect the company's solid credit profile as it leverages its strong market position in advanced automotive technologies and its low cost base to drive margins and FCF that are relatively high for the auto supply industry. APTV's focus on advanced driver-assistance systems, automated driving systems and electrical architecture components positions it at the forefront of important growth trends in the global auto industry, and Fitch Ratings expects the company's strong market position in these areas will drive revenue growth that exceeds the rate of underlying global vehicle production growth over the longer term. Additional rating drivers include the company's strong liquidity position, manageable debt maturity profile and limited pension obligations, all of which provide it with significant financial flexibility....
