TEXT-S&P reports on ELV provisions of Europe's carmakers

Newswire

(The following statement was released by the ratings agency). LONDON, Aug 21 - Credit quality among vehicle manufacturers with significant operations in Europe is unlikely to be affected in the medium term by their need to make provisions for recycling end-of-life vehicle (ELVs), according to research published today by Standard & Poor's Ratings Services. The report, which updates a previous commentary article entitled "Europe's Carmakers Prepare for Stringent Vehicle Recycling ...

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