Moody's raises its credit rating on BorgWarner (BWA +0.5%) to Baa2 from Baa3, saying the company...

|About: BorgWarner Inc. (BWA)|By:, SA News Editor

Moody's raises its credit rating on BorgWarner (BWA +0.5%) to Baa2 from Baa3, saying the company should benefit from improved margins and new technologies - despite a tough retail auto market. The new rating stands two levels above junk status.