Brief: Moody's: PSA/FCA combination would be credit positive

Peugeot Invest SA

18/12/2019 11:21

Dec 18 (Reuters) - Moody's:
    * For PSA, a successful combination with FCA would position
the
company more strongly within the Baa3 rating category, mainly
due to improved regional diversification and proposed synergies
    * A combination of the two groups would be credit positive
in
general as it would create a larger and more diversified auto
manufacturer with substantial synergy and efficiency potential,
which will help to mitigate multiple challenges within the
global auto industry.
    * The positive outlook on FCA's ratings reflects the
potential for
a stronger credit profile of the combined Fiat and PSA entity
should the proposed merger be successfully executed

Further company coverage:  FCAU.N 

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