Credit Rating

Europe car sales will rise up to 4% in 2015, Fitch says

Dec. 2, 2014 09:05 CET
European automakers' credit profiles will be helped by a modest global increase in vehicle sales, including growth in Europe of up to 4 percent next year, Fitch Ratings says....
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Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET
Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
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EDITORIAL

Hard-won upgrades

12:01 am U.S. ET | Oct. 6, 2014
As a business, General Motors is arguably better situated and better run than it was back when it lost its investment-grade ratings. GM's bean counters can make a case for getting an extra rung or two on the credit ratings scale....
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GM says ratings upgrade will aid lending arm, support global sales push

12:34 am U.S. ET | Sept. 26, 2014
GM plans to leverage its return to investment grade, which could lower borrowing costs, by strengthening its lending arm, CFO Chuck Stevens said. GM was forced to sell control of its former GMAC lending arm to raise money, and it now has a smaller, more strategic, finance unit that is getting stronger....
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GM debt bumped up to investment grade by S&P

4:54 pm U.S. ET | Sept. 25, 2014
General Motors' corporate debt was raised by Standard & Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization....
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JIM HENRY

The case for casting a wider net with credit apps

12:01 am U.S. ET | Sept. 17, 2014
Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores....
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ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET
ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said....
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Tesla bonds get 'junk' rating from S&P

May 29, 2014 06:01 CET
Tesla's bonds were assigned a B- rating, or “junk” status from bond raters at Standard & Poor's. Companies are given junk-bond ratings when Wall Street determines there is an increased possibility of default....
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Tesla bonds assigned 'junk' status by S&P

5:06 pm U.S. ET | May 27, 2014
Tesla received a far less rousing recommendation from bond raters at Standard & Poor's Corp. -- which assigned the electric-vehicle maker a B- rating, or “junk” status....
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European suppliers' prospects helped by region's recovery, Moody's says

March 26, 2014 11:49 CET
European suppliers' prospects should be boosted by a recovery in domestic demand for new cars, coupled with continued emerging market growth, Moody's credit rating agency said....
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Ford wants to expand credit lines to $12 billion, report says

2:04 pm U.S. ET | Feb. 26, 2014
Ford is seeking to expand its credit lines by $1.3 billion to $12 billion. The company is planning to raise a $9 billion revolving loan that expires in five years and a $3 billion financing pact that lapses in three years....
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Fiat rating cut by Moody's on earnings worry, outlook

Feb. 11, 2014 22:29 CET
Moody's cut Fiat's rating, citing weak 2013 results and challenges it sees for the Italian carmaker in achieving its guidance this year, given eroding profitability in its Latin American market....
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Fiat rating cut by Moody's on earnings worry, outlook

4:29 pm U.S. ET | Feb. 11, 2014
Moody's cut Fiat's rating to 'B1' from 'Ba3' on Tuesday, citing weak 2013 results and challenges it sees for the Italian carmaker in achieving its guidance this year, given eroding profitability in its Latin American market....
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S&P ups Chrysler rating to match Fiat on VEBA deal

5:07 pm U.S. ET | Jan. 10, 2014
Ratings agency Standard & Poor’s Financial Services has raised its rating of Chrysler Group one notch to BB- to match that of its corporate parent, Fiat....
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Chrysler deal prompts Moody's to consider Fiat for rating downgrade

6:33 am U.S. ET | Jan. 8, 2014
Fiat may have its Ba3 rating downgraded by Moody's after the agency said it had placed the carmaker under review following its move to take full control of Chrysler Group....
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Fiat considered for Moody's downgrade on Chrysler deal

Jan. 8, 2014 12:33 CET
Fiat may have its Ba3 rating downgraded by Moody's after the agency said it had placed the carmaker under review following its move to take full control of Chrysler Group....
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Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video