PARIS (Dow Jones) – Fitch Ratings has maintained its rating “BBB-” and “stable” outlook on the debt of Renault, announced Tuesday the rating agency.
This rating reflects the robustness of the profile of the car manufacturer, the success of its diversification outside Europe, improving its image and its product portfolio and the strength and profitability the underlying cash generation of the group to a more challenging environment.
According to the classification of Fitch, a rating “BBB-” reflects a debt with the rank investment but located only a notch above speculative grade.
– Ambroise Ecorcheville, Dow Jones Newswires; 33 (0) 1 40 17 17 71; ambroise.ecorcheville@wsj.com ed: ECH
Dow Jones Newswires
November 10, 2015 12:35 ET (5:35 p.m. GMT)
No comments:
Post a Comment