Moody's says to give update on Fiat in two weeks

Newswire

MILAN, Nov 20 (Reuters) - Debt ratings agency Moody's expects to publish an update on its rating of crisis-hit Italian carmaker Fiat in two weeks time, a Moody's spokesman said on Wednesday. Moody's downgraded Fiat to Baa3 -- one notch above "junk" or sub-investment grade -- in June and earlier this month said it would review that rating due to Fiat's continued weak operating performance. Moody's debt reviews usually take around 60 days. But on Wednesday, a spokesman told reporters that ...

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