(Reuters) - "The upgrade and maintenance of a positive outlook reflect
Fiat's continued improvements in profitability and cash flow
generation over the past several quarters, with an
uninterrupted decline in debt," S&P said in a statement.
Fiat last month said it boosted operating profit at its
auto unit almost four-fold in the first quarter, beating
forecasts, as it squeezed more money from a rise in sales of
its smaller city cars like the Panda. For details, see
[ID:nL2384914]
Read more at Reuters.com Bonds News
Fiat's continued improvements in profitability and cash flow
generation over the past several quarters, with an
uninterrupted decline in debt," S&P said in a statement.
Fiat last month said it boosted operating profit at its
auto unit almost four-fold in the first quarter, beating
forecasts, as it squeezed more money from a rise in sales of
its smaller city cars like the Panda. For details, see
[ID:nL2384914]
Read more at Reuters.com Bonds News
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