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Moody's cuts Renault debt rating into junk territory

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NEW YORK, Feb 20 (Reuters) - Moody's Investors Service on Friday cut its ratings on Renault into junk territory, citing the French automaker's "significantly worse operating performance" and negative free cash flow in 2008.

Moody's cut Renault's long term debt ratings two steps to "Ba1," one level below investment ...

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