Italy: Moody’s downgrades Fiat SpA debt

Moody's Investors Service has downgraded Fiat SpA's corporate family debt rating one step from Ba1 to Ba2, two notches below investment grade, citing growing credit risks from the company's tie-up with Chrysler Group LLC and Europe's uncertain car market. Moody's has also downgraded to Ba3 the notes issued by Fiat Subscribe to Automotive World to … Continued

• By Webmaster
• September 22, 2011