Fiat's outlook was negative, is now stable - Fitch

Newswire

NEW YORK, Jan 20 (Reuters) - Fitch Ratings on Friday changed its rating outlook on Italian car maker Fiat SpA to stable from negative, indicating there is less chance of a rating downgrade over the next two years. Early signs that the company's restructuring plan is on track and Fiat Auto's stabilizing market share in late 2005 contributed to the change in outlook, Fitch said in a statement. "We believe that the trough has been reached, both from a financial and business perspective, and ...

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