Moody’s revises Fiat Chrysler view to positive

Moody’s Investors Service said it changed the outlook on the ratings of Fiat Chrysler Automobiles NV and Fiat Chrysler Finance Europe SA to positive from stable.

“The positive outlook reflects the potential for a stronger credit profile of the combined Fiat and PSA entity should the proposed merger between FCA and PSA be successfully executed. The merger would create a larger and more diversified global auto manufacturer with substantial synergy and efficiency potential, which will help to mitigate multiple challenges within the global automotive manufacturing industry,” said Falk Frey, a senior vice president and lead analyst for FCA, in a press release.

Moody’s affirmed the Ba1 corporate family rating and the Ba1-PD probability of default rating of FCA and the Ba2 ratings on the senior unsecured instruments issued by FCA and Fiat Chrysler Finance Europe.

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