Friday, May 11, 2007

Fiat May Soon Get Higher Credit Ratings on New Car Sales Boost, S&P Says

(Bloomberg) -- Fiat SpA, Italy's biggest manufacturer, may have its credit ratings lifted in the ``nearer-term'' as new car models help boost sales, Standard & Poor's said.

The ratings firm ranks Turin-based Fiat's debt BB, two levels below investment grade, and raised its outlook on the company's credit rating to ``positive'' in January.


Read more at Bloomberg Bonds News

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