DBRS Releases Report on PSA Peugeot Citroen
Autos & Auto SuppliersDBRS has today released a report on PSA Peugeot Citroen (the Company, rated BBB (low)) that provides further detail on the recent trend change to Negative from Stable. The trend change incorporates PSA’s weaker 2011 consolidated earnings (especially in the second half of the year, which were below DBRS’s expectations) amid ongoing challenging conditions in the European automotive industry.
Today’s report and the March 22, 2012, press release, are available at www.dbrs.com or by contacting us at info@dbrs.com.