TEXT-S&P cuts CNH Global ratings


(The following statement was released by the rating agency) March 31 - Standard & Poor's Ratings Services today lowered its ratings on CNH Global N.V. , including the long-term corporate credit rating to 'BB+' from 'BBB-', after taking the same rating action on CNH's parent company, Italy-based auto and truck manufacturer Fiat SpA (BB+/Watch Neg/B). The ratings remain on CreditWatch with negative implications. (For more information, see Standard & Poor's research update on Fiat, ...

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