Autoliv's Credit Rating Upgraded Again (Stockholm, July 27, 2010) --- The long-term credit rating for Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive safety - was today upgraded to “BBB+ with a stable outlook” from “BBB with a stable outlook” by Standard and Poor's, (S&P). This is the second ratings upgrade by S&P in the last 12 months. Autoliv responded quickly to the credit crisis in 2008 and the sharp downturn in the automotive industry by initiating an action plan already in July of that year. Thanks to the successful execution of these restructuring efforts, Autoliv reported, in the first half of 2010, strong cash flow from operations and the highest profits and profit margins in the Company's history. In its announcement Standard and Poor's said “The upgrade reflects our view that Autoliv's financial position has improved, supported by the sharp increase in light-vehicle production globally which has led to a substantial improvement in its key credit ratios”. Autoliv has now restored its credit ratings inline with its objective of maintaining a strong investment grade rating. Inquiries: Mats Wallin, Vice President, Finance and CFO, Autoliv Inc. Tel +46 8 587 20619 Hannes Wadell, Treasurer, Autoliv Inc., Tel +46 8 587 20655
Autoliv's Credit Rating Upgraded Again
| Source: Autoliv Inc.