Iochpe Maxion S A : 10/14/2022Notice to the Market - Standard & Poor´s Global Ratings
October 16, 2022
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IOCHPE-MAXION S.A.
CNPJ 61.156.113/0001-75
NIRE 35.300.014.022
Notice to the Market
Iochpe-MaxionS.A. ("Company" - B3: MYPK3) informs its shareholders and the market that the credit rating agency Standard & Poor´s Global Ratings ("S&P") reaffirmed the Company's 'BB-' and 'brAA+' ratings, on the global and national scales, respectively, with a positive outlook.
São Paulo, October 14, 2022
Elcio Mitsuhiro Ito
Chief Financial and Investor Relations Officer
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Iochpe-Maxion SA published this content on 17 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 22:47:25 UTC.
Iochpe-Maxion S.A. is engaged in the production of automotive wheels. The Company is a producer of automotive structural components in the Americas, and a producer of railway equipment in Brazil. Its operations are focused on the automotive segment, and divided into the wheels and structural component segments. The Company operates through three divisions: Maxion Wheels, Maxion Structural Components and AmstedMaxion. At Maxion Wheels, the Company produces and sells a range of steel wheels for light and commercial vehicles, and agricultural machinery and aluminum wheels for light vehicles. At Maxion Structural Components, it produces side rails, cross members and full frames for commercial vehicles and structural components for light vehicles. At AmstedMaxion (a joint venture), the Company produces freight cars, railway wheels and castings, as well as industrial castings. The Company's and its subsidiaries' operations are carried out in over 30 units located in Brazil and abroad.