CNH Industrial's Long-Term Credit Rating Upgraded To 'BBB+' By S&P Global Ratings
Portfolio Pulse from Benzinga Newsdesk
S&P Global Ratings upgraded CNH Industrial N.V.'s long-term issuer credit ratings from 'BBB' to 'BBB+' and affirmed the 'A-2' short-term issuer credit rating. The ratings upgrade also applies to CNH Industrial Capital LLC's senior unsecured debt. The outlook for CNH Industrial is stable.
December 01, 2023 | 7:30 am
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CNH Industrial's credit rating upgrade by S&P to 'BBB+' indicates improved financial stability and may lead to increased investor confidence.
Credit rating upgrades generally signal a company's improved ability to meet its financial commitments, which can lead to lower borrowing costs and improved investor sentiment. The upgrade to 'BBB+' reflects a positive view of CNH Industrial's financial health, which could result in a short-term positive impact on the stock price as the market reacts to the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100