Moody's changes Renault's outlook to stable from negative, affirms the Ba2 ratings
Moody's Investors Service ("Moody's") has today changed the outlook on Renault S.A.'s (Renault or the group) ratings to stable from negative. Concurrently, Moody's affirmed the corporate family rating (CFR) of Ba2, the probability of default rating of Ba2-PD, the rating of the group's senior unsecur...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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