Feb 10 (Reuters) - Moody's and S&P Global downgraded carmaker Stellantis to their lowest investment grades on Tuesday, citing weaker earnings and cash flow prospects. S&P cut Stellantis' long-term
S&P and Moody's Downgrade Stellantis to Lowest Investment Grade
Impact of Credit Rating Downgrade
Feb 10 (Reuters) - Moody's and S&P Global downgraded carmaker Stellantis to their lowest investment grades on Tuesday, citing weaker earnings and cash flow prospects.
Details of the Downgrades
S&P cut Stellantis' long-term rating to BBB- from BBB and assigned a negative outlook.
Implications for Stellantis
Moody's lowered it to Baa3 from Baa2, citing weaker-than-expected profitability and cash flow for 2025 and keeping a stable outlook.
The downgrades place the carmaker at the lowest investment grade level at both agencies, one notch above "junk" category.
(Reporting by Anna Peverieri in Barcelona; Editing by Joe Bavier)
