ERJ staff report (DS)
Paris – Standard & Poor’s has upgraded Michelin’s long-term credit rating to BBB+ from BBB, while affirming its A-2 short-term rating and stable outlook.
According to the Standard & Poor’s press release, the decision reflected the significant improvement in Michelin’s operating performance over the past two years and the strengthening of its balance sheet.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible…