[ET Net News Agency, 22 November 2019] S&P Global Ratings expects Johnson Electric
Holdings Ltd. (00175) to sustain its market competitiveness and steady performance over
the next 12-24 months, despite stagnant growth in the global automotive market.
The credit rating agency anticipates that the company will maintain stable profitability
and low leverage with prudent financial management during the period.
S&P today affirmed its 'BBB' long-term issuer credit rating on Johnson Electric and
'BBB' long-term issue rating on the company's senior unsecured notes.
The stable outlook reflects our view that Johnson Electric will maintain its solid
market position, largely stable margin, and low financial leverage over the next 12-24
months. (KL)