Harman International has announced that the credit rating agency Moody's Investors Service has raised its credit rating Ba1, and its speculative grade liquidity rating raised to SGL-2 from SGL-1, rating outlook to "positive."

     Moody's said Harman's credit rating increase is mainly because Harman's credit situation has improved significantly, and has generated strong cash flow and ability to implement cost savings Harman plans to gradually achieve cost savings of $ 400 million Moody's believes that Harman's ability to achieve sustainable profitable growth.

     Despite the global economic turmoil and uncertainty in the automotive market have a certain impact, but Harman current order is full and there is $ 14.5 billion backlog of orders, which is the Harman raised its credit rating is one important reason.

     Last week, credit rating agency Standard & Poor's credit rating has Harman level up one level from BB to BB, rating outlook to "positive", while the S & P also Harman issued senior unsecured debt rating from BB-up to BB-level.