With a focus on cockpit electronics, Visteon Corp. has been successful in winning $5.4 billion in new business in 2016 and launching a record number of new products. The company's key credit ratios have improved, thanks to its ongoing operational performance and reduced debt levels. We are raising the corporate credit rating on Visteon to 'BB' from 'BB-'. At the same time, as Visteon is increasing the size of its revolving credit facility by $100 million, we are revising the recovery rating on company's secured debt to '2' from '1'. The issue-level rating remains 'BB+'. The stable outlook reflects our view that the company's credit metrics will support the current rating over the next 12 months. On March 8, 2017,
