Moody's lowers RCI Banque view to stable

Moody's Investors Service said it changed the outlook to stable from positive on the Baa2 long-term debt and deposit ratings of RCI Banque.

The outlook on the subordinated debt ratings also were changed to stable from positive.

The bank's prime-2 short-term ratings are unaffected by this action.

The outlook change follows a similar outlook change on the long-term ratings of the bank's parent, Renault SA, Moody's said.

Given the intricate strategic, commercial and financial ties to its parent, Moody's said it believes RCI's creditworthiness to be inherently linked to that of Renault.

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