(CercleFinance.com) – Moody’s Investors Service confirms Renault’s corporate family (CFR) rating of ‘Ba2’, but with an outlook that remains ‘negative’, warning that its rating ‘remains vulnerable to any adverse macroeconomic developments’ .
“The confirmation of Renault’s ratings reflects the return of margins to slightly positive levels since 2021, further improvements expected, in line with the strategic plan until 2025 and the good liquidity of the group”, explains the agency.
Moody’s justifies its negative outlook by ‘still low margins, the long period of execution until the strategic plan results in significant improvements in financial parameters and the suspension of operations in Russia’.