Moody’s lowers Renault rating to junk status | Financial

This means that, according to Moody’s, there are significant risks associated with the extent to which Renault can meet its financial obligations.

The rating goes from Baa3 to Ba1, with a stable outlook. Renault suffered an annual loss for the first time in a decade, with a lower turnover. For this year, the car company is counting on continuing weakness in the car sector, with a further decline in the margin.

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