France: Michelin’s rating upgraded by S&P

Standard & Poor's Ratings Services has upgraded Michelin's long-term corporate credit rating to 'BBB+' from 'BBB', while affirming its A-2 short-term rating and stable outlook. S&P noted the company has significantly improved its credit metrics in the past two years through its €1.2bn (US$1.6bn) capital increase in October 2010, the Subscribe to Automotive World to … Continued

• By Webmaster
• March 28, 2012