(CercleFinance.com) – The Moody’s rating agency announced raise its credit rating on Peugeot to ‘Ba3′ to ‘Ba2′ with a reduced perspective from ‘stable’ to ‘positive’.
‘This increase recognizes the success of the industrial revitalization plan and the potential for further improvement of results in the next 12 to 18 months, says Yasmina Serghini, senior credit officer and analyst handling the case.
Peugeot will launch new models, take advantage of the dynamics of positive activity in Western Europe and continue its rationalization efforts, “she continues.
Moody’s expects that the automaker reduce, in 2017, its profitability gap compared to global competitors such as Renault, General Motors and Ford.
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