S&P raises Fiat rating; investment grade on horizon


NEW YORK, May 31 (Reuters) - Standard & Poor's on Thursday raised its ratings on Fiat SpA and left its outlook at positive, indicating the Italian car maker may be poised to attain investment grade ratings over the next two years. S&P raised Fiat's corporate credit rating by one notch to "BB-plus," one level below investment grade, from "BB." "The upgrade and maintenance of a positive outlook reflect Fiat's continued improvements in profitability and cash flow generation over the ...

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