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Provider: Reuters Investment Profile
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Moody's Downgrades Peugeot SA's Rating to B1 with a Stable Outlook-Reuters

Thursday, 11 Apr 2013 01:49am EDT 

Reuters reported that Moody's has downgraded the credit rating of Peugeot SA (PSA Peugeot Citroen) from Ba3 to B1 with a stable outlook. Moody's said its decision was because of the Company's worse than expected financial performance in fiscal year 2012, especially in terms of the losses in the automobile division. Moody's also said that the decision reflected the fact that Peugeot SA has had negative cash flow in its industrial business and persistent problems restructuring its automobile division. 

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30 Jan 2015