Credit Rating

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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Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry. As with mortgages in 2006 and 2007, the central bank's stimulus is making it easier for U.S. consumers with spotty credit to buy cars as yield-starved investors purchase riskier bonds linked to auto loans....
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Tesla stock gets 'sell' rating from Standard & Poor's

11:48 am U.S. ET | Oct. 16, 2013
Standard & Poor's initiated coverage of Tesla Motors with a "sell" rating, citing caution over the electric carmaker's stock price....
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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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