Fitch puts Navistar on positive watch

Fitch Ratings said it placed the issuer default and debt ratings for Navistar International Corp., Navistar, Inc. and Navistar Financial Corp. on rating watch positive.

“The action reflects Fitch’s expectation that the completion of Traton SE’s acquisition of NAV targeted for mid-2021 is likely to lead to an upgrade of the ratings for NAV, Navistar, Inc. and NFC by at least one notch,” Fitch said in a press release.

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