RCI Banque: R&I Changes Outlook to Negative
(WorldNews Japan)

NEWS RELEASE Aug 03, 2020 R&I Changes Outlook to Negative: RCI Banque Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: RCI Banque Issuer Rating: A- Rating Outlook: Negative, Changed from Stable RATIONALE: RCI Banque is a captive sales finance subsidiary wholly owned by France`s automaker Renault SA and is subject to the provisions of French banking laws. The business environment is challenging owing to the spread of Covid-19. Although the cost of risk increased in 1H 2020, the bank remains profitable thanks to stable interest...