(Finance) – S&P upgraded its outlook on Piaggioan Italian vehicle manufacturer listed on Euronext Milan, raising it from “stable” to “positive”. According to what was communicated by the rating company’s analysts, the positive outlook “implies a potential upgrade in the next 6-12 months and reflects the expected improvement in Piaggio’s operating results and the belief that the company can maintain credit parameters commensurate with a highest rating”
S&P analysts also have “BB-” rating confirmedalso assigning the same rating to the new 250 million euro senior bonds that Piaggio has offered for subscription to institutional investors since yesterday (25 September 2023).