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Moody's Assigns B2 Corporate Family Rating To Schaeffler

FRANKFURT -(Dow Jones)- Rating firm Moody's Investors Service said Friday that it assigned a B2 corporate family rating and a B2 probability of default rating to German engineering firm and car-parts maker Schaeffler AG. MAIN FACTS: - Moody's assigned a provisional (P)B1 rating to Schaeffler's syndicated senior term loan facility C2 and a provisional (P)B1 rating to Schaeffler's planned bond issue. - The outlook on the ratings is stable. - Privately-held Schaeffler is the dominant shareholder of Continental AG (CON.XE). -Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

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