Fitch Ratings upgrades CNH Industrial's Long-Term Rating by two notches to BBB+
On January 4, 2022, CNH Industrial N.V. (NYSE: CNHI) received a credit rating upgrade from Fitch Ratings, raising its Long-Term Issuer Default Rating (IDR) from 'BBB-' to 'BBB+'. This upgrade was also reflected in the rating for CNH Industrial Finance Europe S.A., which was increased to 'BBB+'. The Outlook is Stable, indicating a positive outlook for the company following the demerger of Iveco Group N.V. This rating enhancement signifies improved financial stability and creditworthiness, which could positively impact CNHI's future financing conditions.
- Fitch Ratings upgraded CNH Industrial's Long-Term Issuer Default Rating to 'BBB+' from 'BBB-'.
- CNH Industrial Finance Europe S.A.'s senior unsecured rating also improved to 'BBB+'.
- The Outlook for both ratings is Stable, indicating positive financial prospects.
- None.
Insights
Analyzing...
London, January 5, 2022
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on January 4, 2022 Fitch Ratings raised its Long-Term Issuer Default Rating (IDR) on CNH Industrial N.V. to ‘BBB+’ from ‘BBB-’. Fitch has also upgraded CNH Industrial Finance Europe S.A.’s senior unsecured rating to ‘BBB+’ from ‘BBB-'. The Outlook is Stable. The upgrade follows the demerger of Iveco Group N.V.
CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers. The Company provides the strategic direction, R&D capabilities, and investments that enable the success of its five core Brands: Case IH, New Holland Agriculture and STEYR, supplying 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment delivering a full lineup of construction products that make the industry more productive. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 35,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
For more information and the latest financial and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands visit: media.cnhindustrial.com
Contacts:
Media Relations
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
Attachments
FAQ
What was the credit rating change for CNH Industrial on January 4, 2022?
How did the Fitch Ratings upgrade affect CNH Industrial Finance Europe S.A.?
What is the Outlook for CNH Industrial's credit ratings after the upgrade?
What event preceded the rating upgrade for CNH Industrial?
