Fitch Ratings has announced further downgradings for PSA Peugeot Citroen and Fiat, taking the OEMs’ credit ratings further into non-investment grade territory. The downgrade for PSA follows similar action by S&P in mid-February 2013, when the ratings agency lowered its long-term rating from ‘BB‘ to ‘BB-’ – three levels below investment Subscribe to Automotive World … Continued
Fitch Ratings has announced further downgradings for PSA Peugeot Citroen and Fiat, taking the OEMs’ credit ratings further into non-investment grade territory.
The downgrade for PSA follows similar action by S&P in mid-February 2013, when the ratings agency lowered its long-term rating from ‘BB‘ to ‘BB-’ – three levels below investment
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https://www.automotiveworld.com/articles/psa-and-fiat-collect-further-credit-rating-cuts/
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