TEXT-Fitch:BPF guarantee may limit Peugeot's strategic independence

Newswire

(The following statement was released by the rating agency) Nov 12 - Peugeot SA will benefit from the state guarantee for up to EUR7bn on upcoming bond issuance by its financing arm, Fitch Ratings says. However, we believe this benefit may be reduced by possible restrictions on the parent group's independence to implement further strategy changes. We expect the French state guarantee to facilitate and secure Banque PSA Finance's (BPF) capital market ...

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