Fitch Upgrades Continental AG to 'BBB'; Outlook Stable


(The following statement was released by the rating agency) FRANKFURT/LONDON, July 15 (Fitch) Fitch Ratings has upgraded Continental AG's (Continental) Long-term Issuer Default Rating (IDR) to 'BBB' from 'BB' and Short-term IDR to 'F3' from 'B'. The rating of the senior secured notes issued by Conti-Gummi Finance BV has also been upgraded to 'BBB' from 'BB'. The Outlook is Stable. KEY RATING DRIVERS Standalone Rating The upgrade reflects Fitch's assessment of the parent ...


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