Fitch Ratings affirmed CNH Industrial N.V.’s and CNH Industrial Capital LLC's Long-Term Issuer Default Ratings at 'BBB-' and changed Outlook to Stable

Rhea-AI Summary

On June 15, 2020, Fitch Ratings affirmed CNH Industrial N.V.’s Long-Term Issuer Default Ratings at ‘BBB-’ and changed the Outlook from Positive to Stable. This rating reflects the company’s robust position in the capital goods sector, with a diverse product range and a global market presence. Key brands include Case IH, New Holland Agriculture, and Iveco, providing agricultural machinery, construction equipment, and commercial vehicles. The stability in ratings is crucial for investor confidence and may affect borrowing costs in the future.

Positive

• CNH Industrial's Long-Term Issuer Default Ratings affirmed at 'BBB-' by Fitch.
• Company maintains a diverse product portfolio and global market presence.

Negative

• Outlook changed from Positive to Stable, indicating reduced growth expectations.

London, June 16, 2020

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on June 15, 2020, Fitch Ratings (“Fitch”) affirmed CNH Industrial N.V.’s and CNH Industrial Capital LLC's Long-Term Issuer Default Ratings at 'BBB-' and changed the Outlook from Positive to Stable.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Contacts:

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

Attachment

• 20200616_PR_CNH_Industrial_ Fitch_Ratings

FAQ

What did Fitch Ratings announce about CNHI on June 15, 2020?

Fitch affirmed CNH Industrial's Long-Term Issuer Default Ratings at 'BBB-' and changed the Outlook from Positive to Stable.

What is the significance of the Outlook change for CNHI?

The change from Positive to Stable may indicate reduced growth expectations and could impact investor confidence.

Which sectors does CNHI operate in?

CNH Industrial operates in agricultural machinery, construction equipment, commercial vehicles, and other industrial sectors.

How does CNHI's rating affect its financial situation?

A 'BBB-' rating helps maintain investor confidence and may influence the company's borrowing costs.