(Finance) – Fitch has improved the ratings Of Stellantisone of the world’s leading automobile manufacturers, at “BBB+” from “BBB”, with outlook “stableThe upgrade reflects Stellantis’ continued strong financial profile, underpinned by its solid and resilient profitability and cash flow generation despite supply chain challenges, commodity inflation and an environment of high interest rates.
Fitch expects a EBIT margin of Stellantis by about 10% and a free cash flow margin by an average of 2.5% through 2026. This is despite “our expectation of lower prices and a less favorable vehicle mix for the next 12-18 months,” the analysts write.