Fiat credit rating upgrade will take time-Moody's

Newswire

MILAN, June 25 (Reuters) - Moody's will only raise Fiat's credit rating if the industrial group shows significant improvement in operating cash flow and that will take time, an executive at the credit ratings agency said on on Friday. In July last year, Moody's cut Fiat's rating deeper into non-investment "junk" grade to Ba3 with a negative outlook as the company struggled to turn round its loss-making car arm in the face of fierce competition. "The possibility of an improvement in ...

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