TEXT-S&P reports on recovery ratings on European Automakers' debt

Newswire

July 30 - Standard & Poor's Ratings Services' recovery ratings on the debt of Europe's speculative-grade automakers will remain stable in 2012, despite the challenges of a mild recession in Europe. According to a report titled "Unsecured Capital Structures And Strong Brands Support Recovery Ratings On European Automakers' Debt In 2012," even if the slight decline in sales volumes that these automakers are currently reporting were to lead to ratings downside, we don't ...

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