S&P says Fiat ratings not affected by Toro sale


LONDON, March 24 (Reuters) - Credit rating agency Standard & Poor's said on Monday that ratings of Italian industrial group Fiat were not affected by the 2.4 billion euro sale of its insurance subsidiary Toro. S&P rates Fiat a sub-investment grade BB+ with a negative outlook, also assigning a B short-term rating. The rating agency said the Toro sale, which will reduce Fiat's consolidated net debt by 1.4 billion euros ($1.5 billion), had been taken into account before it slashed ...

Premium Content (PAID Subscription Required)

"S&P says Fiat ratings not affected by Toro sale" 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) ×