Moody's: Banque PSA Finance view negative

Moody's Investors Service said it affirmed Banque PSA Finance's standalone bank financial strength rating of D, equivalent to a baseline credit assessment of ba2, and its long-term debt and deposit ratings of Ba1, but changed the outlooks on those ratings to negative from stable.

Furthermore, the outlook on the Ba1 backed long-term debt ratings of Banque PSA's subsidiary, Peugeot Finance International NV, was also changed to negative from stable.

The rating on the €1.2 billion government-guaranteed senior unsecured debt securities due 2016 is unaffected by these actions and remains rated Aa1 negative.

Moody's said the outlook changes follow the change to a negative outlook on the long-term ratings of Banque PSA's parent, Peugeot SA.

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