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04-09-2020, 07:06 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Peugeot (https://www.autoblog.com/category/peugeot/),Renault (https://www.autoblog.com/category/renault/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/79a4fa60-7a57-11ea-a8f7-b0f16c950568 Credit rating agency Standard & Poor's (S&P) delivered downgrades on Thursday to France's top car companies Renault and PSA , cutting Renault's bonds to 'junk' status due to the impact of the new coronavirus. S&P downgraded Renault to 'BB+/B' from 'BBB-/A-3', meaning it had ascribed a "junk bond" status to those Renault corporate bonds. "French automaker Renault has an ample liquidity cushion and can, in our view, count on guarantees from the French state," S&P wrote in a reContinue reading S&P cuts Renault bonds to 'junk,' downgrades outlook on PSA due to coronavirus slump (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/)
S&P cuts Renault bonds to 'junk,' downgrades outlook on PSA due to coronavirus slump (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 9 Apr 2020 08:47:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/) | Email this (https://www.autoblog.com/forward/2223213/) | Comments (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/79a4fa60-7a57-11ea-a8f7-b0f16c950568 Credit rating agency Standard & Poor's (S&P) delivered downgrades on Thursday to France's top car companies Renault and PSA , cutting Renault's bonds to 'junk' status due to the impact of the new coronavirus. S&P downgraded Renault to 'BB+/B' from 'BBB-/A-3', meaning it had ascribed a "junk bond" status to those Renault corporate bonds. "French automaker Renault has an ample liquidity cushion and can, in our view, count on guarantees from the French state," S&P wrote in a reContinue reading S&P cuts Renault bonds to 'junk,' downgrades outlook on PSA due to coronavirus slump (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/)
S&P cuts Renault bonds to 'junk,' downgrades outlook on PSA due to coronavirus slump (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 9 Apr 2020 08:47:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/) | Email this (https://www.autoblog.com/forward/2223213/) | Comments (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/#comments)
More... (https://www.autoblog.com/2020/04/09/renault-psa-stock-downgrades/)