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S&P ups Aston Martin Lagonda
S&P said it upgraded its ratings for Aston Martin Lagonda and its debt to CCC. The recovery rating at 4 is unchanged.
“We no longer consider the company to be vulnerable to a liquidity crisis within the next six to 12 months as part of our base case. That said, we still forecast significant negative free operating cash flow (FOCF) of around £300 million for 2020, because we expect sales to decline, despite the launch of the new SUV, the DBX,” S&P said in a press release.
The outlook is negative.
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