S&P Lowers Ratings On PSA And Bank Division

Standard & Poor’s (S&P) has added to concerns regarding PSA Peugeot Citroen’s current financial performance, pouring a measure of cold water on the OEM’s future cash depletion objectives and downgrading the long-term rating to ‘BB-‘ from ‘BB’ – three levels below investment grade. S&P has noted that PSA, which reported an Subscribe to Automotive World … Continued

• By Megan Lampinen
• February 15, 2013