TEXT-Fitch:European auto manufacturers-diverging credit profiles

Newswire

(The following statement was released by the ratings agency) Sept 27 - Fitch Ratings says in a special report published today that, although it overall expects the credit profiles of European auto manufacturers to build on their recovery in H110 and to strengthen further through 2012, premium groups will continue to exhibit stronger credit profiles than volume manufacturers for the foreseeable future. "Fitch expects the combined revenue, operating profit and cash generation of the six ...

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