NEW YORK, July 26 (Reuters) - Standard & Poor's on Tuesday changed its rating outlook on French automaker Peugeot S.A. to stable from positive, citing tough conditions in the company's core Western European market. A stable outlook indicates there is less chance of a rating upgrade over the next two years. S&P also affirmed Peugeot's corporate credit rating of "A-minus," the seventh-highest rating, and its "A-2" short-term corporate credit rating.
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