S&P revises Ifil rating outlook to negative

Newswire

LONDON, Jan 24 (Reuters) - Credit rating agency Standard & Poor's said on Friday it had Italian holding company Ifil's rating outlook to outlook to negative from stable, citing its possible role in a future recapitalisation of Fiat. At the same time, S&P affirmed Ifil's A long-term and A-1 short-term corporate credit ratings. Ifil holds a 12.4 percent stake in Italian industrial giant Fiat . S&P said in a statement that the outlook change to negative reflected Ifil's likely ...

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