Edition:
United Kingdom

Moody's says FCA-Renault proposed deal has no immediate impact on rating


Tuesday, 28 May 2019 

May 28 (Reuters) - Fiat Chrysler Automobiles NV ::MOODY'S SAYS FIAT CHRYSLER'S PROPOSAL FOR TRANSFORMATIVE MERGER WITH RENAULT HAS NO IMMEDIATE IMPACT ON RATINGS.MOODY'S ANALYST SAYS COMBINING FCA AND RENAULT WOULD BE CREDIT POSITIVE AS IT MAKES STRATEGIC SENSE AND COULD CREATE A SUBSTANTIAL SYNERGIES.MOODY'S ANALYST SEES SIGNIFICANT EXECUTION RISKS FOR FCA-RENAULT DEAL AS IT IS A LARGE SCALE TRANSACTION.