TEXT-S&P revises Italy-based Piaggio otlk to stbl; BB rtg afrmed


(The following statement was released by the ratings agency) Nov 23 - -- Piaggio's sales outside Western Europe are set to grow significantly over the next three years, supporting long-term growth opportunities. -- The Italian manufacturer of scooters, motorcycles, and other light vehicles has generated solid earnings throughout the economic downturn. -- We are revising our outlook on Piaggio to stable from negative and affirming our 'BB' rating on the company. -- The stable ...

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