Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Magna International Inc. Toronto, August 21, 2019 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Magna International Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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