3 months S&P ups Stellantis’ rating to ‘BBB’ on solid 2021 performance Financial Post      

MILAN — Ratings agency S&P Global said on Friday it had upgraded carmaker Stellantis’ rating to ‘BBB’ from ‘BBB-‘, citing stronger-than-expected 2021 performance in terms of EBITDA margins and free cash flow generation. “We expect Stellantis to continue to report solid EBITDA margins of about 10% during the auto industry’s energy transition in 2022-2023, despite […]