Renault SA: R&I Changes Outlook to Negative
(World News Brazil)

NEWS RELEASE Aug 03, 2020 R&I Changes Outlook to Negative: Renault SA Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Renault SA Issuer Rating: A- Rating Outlook: Negative, Changed from Stable RATIONALE: Renault SA is an automaker whose largest shareholder is the French government. It has been in a capital and business alliance with Nissan Motor Co., Ltd. (Issuer Rating: A, Rating Outlook: Negative, Nissan) and also in a three-party alliance with Nissan and Mitsubishi Motors Corp. (Issuer Rating: BBB+, Rating Outlook: Negative). Renault`s operating performance declined substantially owing to Covid-19. This, combined with a cost structure issue and a...