TEXT-S&P revises outlook on IFIL SpA to negative from stable

Newswire

(The following statement was released by the ratings agency). LONDON, Jan 24 Standard & Poor's Ratings Services said today that it had revised its outlook to negative from stable on the Italian investment holding company IFIL SpA (IFIL), reflecting the possibility that IFIL could take part in a future recapitalization plan of industrial group Fiat SpA (--/WatchNegative/A-3), if necessary. IFIL holds a 12.4% stake in Fiat. At the same time, the 'A' long-term and 'A-1' short-term ...

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