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Moody's positive on Fiat Chrysler

Published 09/24/2018, 01:15 PM
© Reuters.  Moody's positive on Fiat Chrysler
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  • Moody's Ratings issues a Positive outlook on Fiat Chrysler Automobiles (FCAU -0.8%) on its expectation the automaker will continue to improve its financial metrics further in the current fiscal year to help trigger a possible upgrade from the ratings agency to Ba1.
  • "The positive outlook also assumes that FCA's financial policy to remain conservative with no excessive dividend payouts, a more moderate gross leverage than in the past, a solid liquidity profile and some operational resilience in case of a weakening of FCA's markets," reads the Moody's report.
  • Along with the revised outlook, Moody's affirms the Ba3 rating of FCA's senior unsecured notes and the Baa2 rating of the senior secured term loan B issued from subsidiary FCA US LLC.
  • Now read: Fiat Chrysler's RAM 1500 Pickup Truck To Overtake The Toyota Prius Hybrid Sales Leadership


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