TEXT-S&P cuts Fiat SpA to 'BB-' from 'BB'


(The following statement was released by the rating agency) Overview -- We expect substantial excess mass market auto manufacturing capacity in Europe and weak demand in Fiat's Italian home market in 2012 to weigh on profitability and cash flow. -- We are revising our assessment of Fiat's financial risk to "aggressive" from "significant" due to rising net debt and expected significant negative free operating cash flow. -- We are lowering our long-term corporate credit rating on Italy-based ...

Premium Content (PAID Subscription Required)

"TEXT-S&P cuts Fiat SpA to 'BB-' from 'BB'" 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.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×