Moody’s revises RCI Banque to positive

Moody's Investors Service said it affirmed RCI Banque SA's (RCI) long-term senior unsecured debt and deposit ratings of Baa1 and changed the outlooks to positive from stable.

The agency also affirmed the company’s standalone baseline credit assessments (BCA) and adjusted BCA of baa3, its subordinated program rating of provisional Ba1, short-term ratings and long- and short-term counterparty risk assessments of Prime-2 and A3(cr)/P-2(cr), respectively.

Moody’s said the outlook change was prompted by the Jan. 15 announcement of the change in the outlook on Renault SA's (Baa3, positive) rating to positive.

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