Standard & Poor's on Friday raised
Fiat Chrysler Automobiles' credit rating to BBB- from BB+,
leaving its outlook stable, after shareholders greenlit its
merger with Peugeot.
The shareholders of Peugeot S.A and of
Fiat Chrsyler Automobiles (FCA) on Monday backed the merger of
the French carmaker and the Italian-American group, a $58
billion merger creating the world's fourth-largest automaker.
The merger to create a new group called Stellantis was approved
with over 99% of the votes in favour by the general meetings of
both companies.
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