The rating agency Moody's relegated Tuesday the French automaker Renault to the category of speculative issuers, lowering its long-term rating to Ba1 due to poor operational performance in 2019.
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" According to the forecasts published for 2020 by the company, which anticipates a further decline in the group's operating margin, and the weak market environment, we do not expect Renault to be able to return to correct levels medium-term operating margin , ”the agency said in a press release.
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