Renault upgraded to investment grade credit rating at S&P

Renault (RNSDF) said it “welcomes” the decision of the rating agency S&P Global Ratings to upgrade Renault SA’s long-term credit rating to ‘BBB-‘ with a stable outlook from ‘BB+’. “This step up to an investment grade credit rating reflects the success of Renault Group’s refreshed product line-up, its multi-energy strategy and its ongoing international expansion, notably through partnerships. This rating highlights the resilience of the Group’s business model and its strong liquidity profile.”