Credit Rating

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Subprime auto loans grow as credit standards ease, competition grows

3:11 pm U.S. ET | Sept. 17, 2013
Subprime auto lenders are enabling buyers to borrow more relative to the cost of a car in a sign that underwriting standards are deteriorating amid increased competition, according to Standard & Poor's.... Read More »

 

GM outlook raised to positive by S&P; Ford gets investment grade rating

11:48 am U.S. ET | Sept. 6, 2013
GM's outlook was revised to positive from stable today by Standard & Poor's Ratings Services, which also raised Ford to investment grade as Detroit automakers reap profits not seen since the turn of the century. The revised outlook on GM is a sign the ratings company will probably boost the largest U.S. automaker to investment grade.... Read More »

 

Auto finance growth outlook sparks confidence

5:09 pm U.S. ET | Aug. 21, 2013
The outlook for auto finance growth is encouraging, the latest TransUnion report on auto loan volume and delinquencies shows.... Read More »

 

Low loan losses buoy subprime

12:01 am U.S. ET | Aug. 19, 2013
Even as subprime lending has picked up, resulting in more vehicle sales to credit-challenged customers, delinquencies and repossessions have fallen to record lows, data from Experian Automotive show.... Read More »

 

Toyota, Honda get improved credit outlooks from Moody's

9:44 am U.S. ET | June 26, 2013
Toyota and Honda had their credit-rating outlook raised by Moody's Investors Service, which cited the Japanese carmakers' recovery from natural disasters and the benefits of a weaker yen.... Read More »

 

Akerson: GM's bailout era is over

June 14, 2013 06:01 CET
GM executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week's annual shareholders' meeting. First, Standard & Poor's said that GM would rejoin its S&P 500 stock market index for the first time since before GM's 2009 bankruptcy, boosting the share price. That prompted the U.S. Treasury Department to sell 30 million shares in a public offering, and the UAW's GM retiree health care trust to unload 20 million shares.... Read More »

 

Akerson: GM's bailout era is over

12:01 am U.S. ET | June 10, 2013
General Motors executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week's annual shareholders' meeting. First, Standard & Poor's said that GM would rejoin its S&P 500 stock market index for the first time since before GM's 2009 bankruptcy, boosting the share price. That prompted the U.S. Treasury Department to sell 30 million shares in a public offering, and the UAW's GM retiree health care trust to unload 20 million shares.... Read More »

 

Signs of life in deep subprime lending

12:01 am U.S. ET | June 10, 2013
Deep subprime lending is finally in recovery mode. "We have certainly seen a lot of growth; there are more loans to be had down in that area," said Melinda Zabritski, senior director of automotive credit for Experian Automotive.... Read More »

 

JIM HENRY

Lenders must be locally flexible

12:01 am U.S. ET | June 5, 2013
Several large dealership groups and lenders have centralized functions at headquarters or set standard nationwide procedures. But sometimes consumers and their incomes don’t fit the usual profile.... Read More »

 

Chrysler's outlook raised to positive from stable by S&P

6:39 pm U.S. ET | April 30, 2013
Chrysler Group may get an upgrade in its credit rating in the next 12 months, said Standard and Poor's, which raised Chrysler's outlook Tuesday to "positive" from "stable." S&P changed its outlook on the company to positive even after Chrysler posted a 65-percent drop in first quarter profit.... Read More »

 

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