PSA Peugeot Citroën: Rating Agencies
04 März 2016 - 4:13PM
Business Wire
- PSA Peugeot Citroën is changing a
solicited rating agency
- Banque PSA Finance will no longer
solicit a rating, effective 2016
Regulatory News:
Further to a request for proposal process in 2015, PSA Peugeot
Citroën (Paris:UG) has decided to solicit ratings from the two
agencies Moody’s Investors Service and Fitch Ratings as from
2016.
Fitch Ratings, which rated the Group from 2003,1 is replacing
Standard & Poor’s as a solicited agency. The ratings assigned
by the Group’s two selected agencies are unchanged:
- Ba3 with positive outlook from Moody’s
Investors Service (since July 2015)
- BB with stable outlook from Fitch
Ratings (since August 2015)
Furthermore, following the signature of a strategic partnership
agreement between Banque PSA Finance and Santander Consumer Finance
in 2014, Banque PSA Finance is conducting its business increasingly
through joint ventures, for which the refinancing is arranged by
Santander Consumer Finance.
Banque PSA Finance will cease operating on financial
markets.
In consequence, the Group will no longer solicit any rating for
Banque PSA Finance.
About PSA Peugeot CitroënWith its three world-renowned
brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold
3 million vehicles worldwide in 2015. The second largest
carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue
of €54 billion in 2015. The Group confirms its position of
European leader in terms of CO2 emissions, with an average of
104.4 grams of CO2/km in 2015. It is also involved in
financing activities (Banque PSA Finance) and automotive equipment
(Faurecia).For more information, please visit
www.psa-peugeot-citroen.com
1 Fitch Ratings rated PSA Peugeot Citroën as an unsolicited
agency during this period.
Communications Division - 75 avenue de la
Grande-Armée - 75116 Paris, France+33 1 40 66 42 00 –
psa-peugeot-citroen.com – @PSA_news
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version on businesswire.com: http://www.businesswire.com/news/home/20160304005461/en/
Investor RelationsPSA Peugeot CitroënFrédéric
Brunet +33 (0) 1 40 66 42 59frederic.brunet@mpsa.com
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