DBRS Releases Report on Magna International Inc.
Autos & Auto SuppliersDBRS has today released a report on Magna International Inc. (Magna or the Company) that provides further detail on the recent confirmation of the ratings and the trend change to Positive from Stable.
The trend change reflects the substantially improved financial performance of the Company amid a moderate recovery in the global automotive industry, with aggregate vehicle production up significantly in North America, which has typically accounted for the majority of earnings.
To obtain a copy of the report, or the April 26, 2011, press release, please click on the links below or contact us at info@dbrs.com.