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PSA, Fiat debt ratings cut by Moody's on Europe concerns

Wr
By:
Wire reports
October 10, 2012 05:00 AM

PSA/Peugeot-Citroen and Fiat had their debt ratings lowered to three levels below investment grade by Moody's Investors Service as slumping European car markets take a toll on the automakers' finances.

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