Renault Group welcomes the upgrade to an investment grade ‘BBB-‘ credit rating by S&P Global Ratings

Core Viewpoint - S&P Global Ratings has upgraded Renault SA's long-term credit rating to 'BBB-' with a stable outlook from 'BB+', reflecting the company's successful transformation and resilience in its business model [1][7]. Group Performance - The upgrade acknowledges Renault Group's significant progress in improving profitability, strengthening cash flow, and reinforcing its strong liquidity profile [2]. - Renault Group's refreshed product line-up and multi-energy strategy (including electric vehicles, internal combustion engines, and hybrids) have contributed to this positive assessment [1]. Strategic Initiatives - The company is committed to ongoing international expansion through partnerships and aims to achieve carbon neutrality in Europe by 2040 [6]. - Renault Group emphasizes the development of new technologies and services, alongside a new range of competitive and electrified vehicles [6]. Market Position - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [5].