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Banque PSA Finance Downgraded by Moody’s


Moody’s Investors Service downgraded Banque PSA Finance to one level below the investment grade. Today, April 16th, Moody’s announced that PSA Peugeot Citroen’s bank, Banque PSA Finance, was downgraded one step from Ba1 to Baa3. The outlook is stable which means that the rating will not be reduced again any time soon. In 2012 Peugeot arranged for French state guarantees of ...
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More Banque PSA Finance articles

Banque PSA Finance Cut to Junk, Peugeot Downgraded One Level
Standard & Poor’s Ratings Services cut the Banque PSA Finance to junk, a blow to PSA’s efforts to avoid the effects of falling sales on its bank division. Standard & Poor’s ...
Peugeot gets temporary EU approval for French state aid
Peugeot's financing arm, Banque PSA Finance, was granted temporary EU approval for 1.2 billion euros of bonds backed by the French state. However, the carmaker now must justify the state-aid package ...
Report: Peugeot expected to announce multi-billion euro writedown
PSA Peugeot Citroen is set to announce a multi-billion euro writedown on its non-performing assets, according to a report from Reuters citing two people familiar with the situation. The French carmaker ...
Peugeot to sign €5.3 billion loan for its bank unit next week, report says
PSA Peugeot Citroen will sign about €5.3 billion of loans for its bank unit in the next week after lenders offered more than it was originally estimated. According to two people ...
EU Challenges PSA Banque Finance Rescue
The EU is challenging the terms of the debt rescue for Banque PSA Finance offered by the French government. According to Les Echoes newspaper, EU Competition Commissioner Joaquin Almunia sent a ...
French government names former EADS boss to Peugeot board
PSA Peugeot Citroen appointed a senior government adviser and former head of EADS to its supervisory board. Europe's second-largest carmaker accepted the appointment in exchange for a state-backed bailout. The Peugeot ...
Peugeot to Close Refinancing Deal for Banque PSA Finance
PSA Peugeot Citroen said it is close to finalize deal for refinancing debt at Banque PSA Finance. According to PSA Peugeot Citroen talks with lenders are ‘on track’ and an agreement ...
PSA Peugeot Citroen to cut 1,500 more jobs by 2014
Europe's second-largest carmaker, PSA Peugeot Citroen, plans to eliminate an additional 1,500 jobs by 2014 as auto sales in the region are on track to reach a 17-year low. The cuts ...
Talks of a tie-up between Peugeot and Opel reportedly dropped
General Motors and PSA Peugeot Citroen have halted talks on further integration amid doubts about the French carmaker's worsening finances and government-backed bailout. According to people familiar with the matter quoted ...

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