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Motherson Sumi Systems provides ratings update for subsidiary

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Capital Market

S&Ps revises outlook on Samvardhana Motherson Automotive Systems Group B.V., Netherlands

Motherson Sumi Systems announced that Standard & Poors Global Ratings ('S&P') has revised its outlook on Samvardhana Motherson Automotive Systems Group B.V., Netherlands, a subsidiary of Motherson Sumi Systems Limited (the 'Company') to positive from stable on improved financial metrics while affirming 'BB+' long-term corporate credit rating on Samvardhana Motherson Automotive Systems Group B.V.

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First Published: Jun 16 2017 | 12:39 PM IST

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