Magna International Inc.: Rating Report

On July 6, 2021, DBRS Limited (DBRS Morningstar) changed the trends on Magna International Inc.’s (Magna or the Company) Issuer Rating and Senior Debt rating to Stable from Negative and confirmed both ratings at A (low). Concurrently, DBRS Morningstar changed the trend on the Company’s Short-Term Debt rating to Stable from Negative and confirmed the rating at R-1 (low).