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Delphi Corporation -- Moody's affirms Aptiv's rating at Baa2, rating outlook revised to stable

Moody's Investors Service ("Moody's") affirmed the senior unsecured ratings of Aptiv Plc ("Aptiv") at Baa2, and revised the rating outlook to stable from negative. The Baa2 senior unsecured rating and revised stable outlook takes into account Moody's expectations that Aptiv will sustain balanced financial policies of low leverage and strong liquidity needed to balance the high cyclicality and capital intensity risks as an auto supplier, while continuing to appropriately invest in its business.