Frankfurt am Main, May 11, 2015 -- Moody's Investors Service ("Moody's") has today upgraded Valeo S.A.'s long-term issuer and senior unsecured ratings to Baa2 from Baa3 and its commercial paper rating to P-2 from P-3. The rating of the company's Euro MTN program has been upgraded to (P)Baa2 for senior unsecured notes and to (P)Baa3 for subordinated notes issuances. The outlook has been changed to stable from positive.

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