S&P Downgrades Stellantis Credit Rating

New York: S and P said Thursday that it has downgraded the credit rating of Stellantis from BBB+ to BBB due to concerns about the weak growth margins of the Italian-American-French auto group.

According to Ansa News Agency, the ratings agency forecast that difficulties in obtaining credit for consumers in North America and Europe will limit Stellantis’s ability to boost volumes. It also mentioned the issue of tariffs.