LONDON, June 26 (Reuters) - Italian automaker Fiat's bonds fell sharply in Europe on Wednesday after it suffered a credit ratings downgrade that left its debt just one-notch above the "junk" category." Fiat's 6.25 percent euro bond due February 2010 was trading to yield around 360 basis points over government bond yields -- 75 basis points more on the day. Those bonds are now worth just 88.7 cents in the euro. Moody's cut the firms long-term senior unsecured debt rating to Baa3 -- its ...
Premium Content (PAID Subscription Required)
"Fiat bonds fall sharply after ratings cut" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642