UPDATE 2-Moody's downgrades Fiat, sees cure in car sale

Newswire

(Adds comment from banker, analyst, details) By Jane Barrett and William Schomberg MILAN, June 26 (Reuters) - Ratings agency Moody's cut Fiat's credit worthiness to one notch above "junk" on Wednesday and joined a chorus suggesting the best cure for Fiat's shaky finances would be to sell its core but loss-making car unit. Moody's Investor Services lowered Fiat's long-term senior unsecured debt rating to Baa3 from Baa2, potentially increasing the group's borrowing costs, on concerns ...

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