Fiat Rating: Moody's promotes the Turin group

Moody's brings the rating to Ba3 from Ba2 Fiat Group. Fiat will be maintained a positive outlook on all ratings for long-term securities. As riguranda rather short-term credit ratings were not changed.

Fiat in recent years is able to make a change to its budget mainly by improving their operating performance, which now provide considerable financial flexibility to Fiat. Moody's expects this positive trend continues in 2007.
The title on the same day began to rise quickly from the disc equal to a maximum of 17.37 euros per day and then close in red with a -0.15% to 17.15 euros.

Related posts

• Results Fiat in 2006 net profit to 1.2 billion in revenues and 11% (0)
• Mibtel drops of 0.94%, Fiat gives 4.32% (0)
• Black Monday for bags. Dow Jones below 7000 meters (1)
• Italy, the automotive market recovering (0)
• Incentives LPG and CNG (32)