S&P cuts Renault bonds to ‘junk’ and downgrades outlook on PSA

© Reuters. Logo of Renault carmaker is pictured at a dealership in Les Sorinieres By Sudip Kar-Gupta PARIS (Reuters) – Credit rating agency Standard & Poor’s (S&P) delivered downgrades on Thursday to France’s top car companies Renault (PA:) and PSA (PA:), cutting Renault’s bonds to ‘junk’ status due to the impact of the new coronavirus. […]

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