DBRS Discontinues Magna International’s CP Rating

DBRS has today discontinued the Commercial Paper Rating of the Magna International Inc. (Magna).

The rating has been discontinued as Magna currently does not have a Commercial Paper program outstanding.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology/criteria are Rating Companies in the Automotive Supplier Industry (August 2013), which can be found on our website under Methodologies.