UPDATE 1- S&P changes Peugeot's rating outlook to stable


(Adds background) NEW YORK, July 26 (Reuters) - Standard & Poor's on Tuesday changed its rating outlook on French automaker Peugeot S.A. to stable from positive, citing tough conditions in the company's core Western European market. A stable outlook indicates there is less chance of a rating upgrade over the next two years. Although Peugeot has a solid No. 2 position in the Western European auto market, the industry there is mature and set to remain fiercely competitive, owing in ...

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