S&P may cut Peugeot credit rating to junk territory


NEW YORK, June 25 (Reuters) - Standard & Poor's on Thursday said it may cut its ratings on Peugeot into junk territory, saying that weak auto demand is likely to worsen the French automaker's financial profile. S&P said it may cut Peugeot from BBB-minus, the lowest investment grade. Downgrades into junk territory can significantly increase a company's borrowing costs. "We perceive that Peugeot's financial profile relative to our current rating could deteriorate further in 2009, ...

Premium Content (PAID Subscription Required)

"S&P may cut Peugeot credit rating to junk territory" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×