...+ We are assigning our '##+' long-term corporate credit ratings to France-based tier 1 auto supplier Faurecia S.A. + Faurecia designs, manufactures, and assembles auto components, including seating systems, cockpits, door panels, and emissions control systems. + The stable outlook reflects our view that Faurecia will gradually improve its profitability, with an S&P Global Ratings-adjusted EBITDA margin widening toward 9% in 2018 and funds from operations to adjusted debt within the 35%-40% range. LONDON (S&P Global Ratings) Jan. 31, 2018--S&P Global Ratings today assigned its '##+' long-term corporate credit rating to France-based auto supplier Faurecia S.A. The outlook is stable. We also assigned our '##+' issue rating to Faurecia's 700 million 3.125% senior unsecured notes due 2022, its 700 million 3.625% senior unsecured notes due 2023, and its 1.2 billion revolving credit facility (RCF) maturing in June 2021. The '3' recovery rating on this debt reflects our expectation of meaningful...
