TEXT-Fitch places continental AG on rating watch negative


(The following statement was released by the rating agency) April 30 - Fitch Ratings has today placed Continental AG's (Continental) Long-term Issuer Default Rating (IDR) and senior unsecured rating of 'BB', respectively, on Rating Watch Negative (RWN). At the same time, Fitch has affirmed Continental's Short-term IDR at 'B'. The rating action reflects Fitch's growing concerns about Continental's financial profile against the slump in global vehicle production and the agency's ...

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