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Moody’s raises RCI Banque
Moody’s Investors Service said it upgraded RCI Banque’s ratings, including its senior unsecured debt ratings to Baa1 from Baa2 and its subordinated debt ratings to Ba1 from Ba2.
“This action was prompted by the upgrade of the corporate family rating (CFR) of RCI's parent Renault SA (Renault) to Ba1 from Ba2,” the agency said in a press release.
The outlook is stable.
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