Samvardhana Motherson International Limited — Credit Ratings, 03-06-2025: Credit Rating- Others

Moody’s has withdrawn the Baa3/Stable long-term issuer rating for Samvardhana Motherson Automotive Systems Group B.V. at the company’s request, following a change in security structure now backed by a parent guarantee. This enhanced credit support from the parent is likely to strengthen the group’s credit profile by lowering refinancing risks and improving liquidity. The withdrawal may boost investor confidence and provide the subsidiary with greater strategic and financial flexibility, potentially reducing its cost of borrowing going forward.