PARIS (S&P Global Ratings) Sept. 24, 2021--Faurecia's downward revision of its 2021 guidance will likely bring its S&P Global Ratings-adjusted credit metrics to the weaker end of our projected ranges for this year, said S&P Global Ratings today. Faurecia's funds from operations (FFO) to debt are now expected at 20%-22% (versus 21%-27% previously) and free operating cash flow (FOCF) to debt at 9%-10% (versus 9%-11%) in 2021. Such credit metrics remain within our parameters for the 'BB' rating on Faurecia, but highlight increasing risks that, if more than short lived, could undermine the company's ability to quickly deleverage its balance sheet to the extent reflected in our positive outlook after it completes the Hella acquisition in early 2022. Faurecia's guidance
