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.
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
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Email: investor.relations@cnhind.com
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