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 ...
Premium Content (PAID Subscription Required)
"Fiat credit rating upgrade will take time-Moody's" 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: email@example.com or phone: (248) 799-2642