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Edition: UK Article Email Print Read Cricket-Australia team for third Ashes test 4:42am GMT Clashes as parliament votes for student fee rise 09 Dec 2010 Man hides sex toys in sausage for Dubai trip 19 Sep 2007 Balfour Beatty wins London Underground contract 7:33am GMT FTSE flat as banks fall, insurers rise, China eyed 9:23am GMT Discussed 7 Russian spy uncovered in British parliament 5 Parliament to vote on divisive student fees rise 3 WikiLeaks founder to talk to UK police – lawyer Watched London unrest Thu, Dec 9 2010 Billionaires pledge fortunes Thu, Dec 9 2010 UK coalition friction over fees Thu, Dec 9 2010 TEXT-S&P may cut Renault SA long-term corporate credit rating Tweet This Share on LinkedIn Share on Facebook (The following statement was released by the rating agency) Feb 3 - Standard & Poor's Ratings Services said today that it has placed
its 'BBB' long-term corporate credit rating on French automotive manufacturer
Renault S.A. (RENA.PA) on... Quotes Tue Feb 3, 2009 7:14pm GMT (The following statement was released by the rating agency) Feb 3 - Standard & Poor's Ratings Services said today that it has placed
its 'BBB' long-term corporate credit rating on French automotive manufacturer
Renault S.A. ( RENA.PA ) on CreditWatch with negative implications. The 'A-3'
short-term corporate credit rating has been affirmed. Standard & Poor's also placed its 'BBB+' long- and 'A-2' short-term
counterparty credit ratings on Renault's fully owned captive finance subsidiary
RCI Banque on CreditWatch with negative implications. A potential downgrade of the bank's long-term ratings would not
automatically trigger a downgrade of the short-term ratings. The rating action
on the bank solely reflects that on the parent. "The CreditWatch placement reflects our view that Renault's financial
profile was hit by weak auto demand in 2008. Looking at external factors, we
believe that this deterioration will not be reversed in 2009 because of an
expected further decline of auto demand caused by the global economic
downturn," said Standard & Poor's credit analyst Barbara Castellano. After recording a 2% year-on-year increase in unit sales until September
2008, Renault closed 2008 with a 4.1% decrease. This is explained by a
contraction of unit sales by 21% in the final quarter of 2008. Western European
markets were the weakest for Renault (even though France's new-car
registrations decreased by only 0.6% in 2008), but the markets outside Europe
also showed increasing signs of weakness. "In 2009, the recessionary scenario is expected to be felt globally, and
for the second year in a row a decline in automotive sales is expected," said
Ms. Castellano. We aim to resolve the CreditWatch status on both entities within the next
90 days, after looking at the group's 2008 results, and having had the
opportunity to learn more about how Renault expects to face 2009 and what
strategy it is putting in place to cope with the recessionary environment. By
then we should also have learnt more about state support and the group's plan
to maintain adequate liquidity for its industrial and financial activities
during the next quarters. "A downgrade of Renault would not automatically entail a parallel downgrade
of RCI," said Standard & Poor's credit analyst Pierre Gautier. "To resolve the
CreditWatch, we will need to assess to what extent the bank might tangibly
benefit from effective French government support in case of stress, in
particular with respect to funding." If systemic support is sufficient to mitigate funding pressure from current
market conditions, we could envisage widening the rating differential between
RCI and Renault beyond the current one notch. This would meet our expectation
of external support, given current market conditions and the bank's systemic
importance. Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication. © Copyright 2010 Thomson Reuters Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Toolbar Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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Insurance Quote for Renault Clio Estate 5Dr Sp/Tr 1.2 Turbo Dynamique 100 View Renault Clio Estate Price List Renault Clio Estate Reviews Write a review on the Renault Clio Estate Options Equipment Technical Insurance Colours = Standard on this model Driver Convenience Cruise control + speed limiter £250.00 Exterior Features Black roof rails £0.00 Electric panoramic glass sunroof with sunblind and auto-closure function £600.00 Illusion paint £395.00 Pearlescent paint £395.00 Solid paint £0.00 Interior Features Air conditioning £0.00 Climate control £275.00 Packs Outdoor pack - Clio Sport Tourer £250.00 Paintwork Illusion - Eclipse £395.00 Illusion - Extreme blue £395.00 Illusion - Mercury £395.00 Illusion - Oyster grey £395.00 Illusion - Ruby red £395.00 Illusion - Stone £395.00 Illusion - Tempest £395.00 Illusion - Volcano £395.00 Pearl - Monaco blue £395.00 Pearl - Pearl black £395.00 Solid - Capsicum red £0.00 Solid - Glacier white £0.00 Solid - Pacific blue £0.00 Safety ESP + Traction control + Understeer control £300.00 Trim Irus cloth - Carbon/blue £0.00 Wheels 15" Mahonia alloy wheels £0.00 16" Canasta alloy wheels with sports front wings £300.00 REQUEST QUOTATION FOR THE RENAULT CLIO ESTATE To request a quotation please complete the enquiry form below. *=Required Field Full Name:* Company Name: Daytime Telephone Number:* To deal with your enquiry we require a daytime telephone number Email Address:* Vehicle Make: Renault Clio Estate Vehicle Variant: 5Dr Sp/Tr 1.2 Turbo Dynamique 100 Contract Term: Annual Mileage: Delivery Date: Comments or Questions: Quotation Terms: Prices based on contract hire or personal contract hire over 36/24 months & 10,000mpa (other mileages available). 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Call 0844 482 9595 Lines open: Monday to Friday 9am to 5.30pm or email us now Nationwide Latest Contract Hire Offers Renault Clio Estate 5Dr Sp/Tr 1.2 Turbo Dynamique 100 £184.95 per month excl. VAT Nissan Qashqai 5DR HAT 1.6 VISIA £164.95 per month excl. VAT Nissan Qashqai+2 5 Dr Hatch 1.6 Visia £184.95 per month excl. VAT Citroen C3 5Dr Hat 1.6Hdi 16V Airdream+ £114.95 per month excl. VAT Fiat 500 3Dr Hatch 1.2 Pop £119.95 per month excl. VAT Nissan Qashqai 5DR HAT 1.6 VISIA £164.95 per month excl. VAT Renault Clio 3 Door 1.2 Extreme £99.95 per month excl. VAT Vauxhall Astra Sport 1.6i 16V SRi £149.95 per month excl. VAT Nissan Cube 5 Door 1.6 £99.95 per month excl. VAT Volkswagen Golf MK6 5Dr Hatch 1.6 Tdi 105Ps Match B/motion Tech S/S £199.95 per month excl. VAT BMW 1 Series 3 Dr 116d HATCH 2.0 ES £209.95 per month excl. VAT Nissan Juke 5Dr Hat 1.6 Visia £139.95 per month excl. VAT Volkswagen Tiguan 5Dr 2.0 Tdi 140 Match £254.95 per month excl. 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Michelin Iveco Daf Magyar Massey Ferguson Volvo Man Renault Doka Goodyear Search By Home » Seller Info Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486, Warszawa POLAND Phone: +48 225 330 399+48 22 533 0200 Fax: +48 22 533 03 34 Welcome to Renault Trucks Polsk Renault Midlum 180.10 see details and contact » Price: £14,940 (€18,000) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 270.16 see details and contact » Price: £13,944 (€16,800) Year: 2002 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 270.19 see details and contact » Price: £13,944 (€16,800) Year: 2002 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Midlum 220.16 see details and contact » Price: £12,948 (€15,600) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Midlum 220.18 see details and contact » Price: £17,347 (€20,900) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Midlum 220.18 see details and contact » Price: £14,940 (€18,000) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Midlum 180.10 see details and contact » Price: £13,695 (€16,500) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Midlum 180.10 see details and contact » Price: £13,695 (€16,500) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Man Tg410a see details and contact » Price: £18,882 (€22,750) Year: 2001 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 480 see details and contact » Price: £18,260 (€22,000) Year: 2005 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Daf 95xf380 see details and contact » Price: £9,960 (€12,000) Year: 1999 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Scania 124l420 see details and contact » Price: £7,470 (€9,000) Year: 1999 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 440 see details and contact » Price: £19,297 (€23,250) Year: 2006 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 440 see details and contact » Price: £12,035 (€14,500) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 400 see details and contact » Price: £5,187 (€6,250) Year: 1999 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Mascott see details and contact » Price: £11,205 (€13,500) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 460 see details and contact » Price: £37,516 (€45,200) Year: 2008 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 440 see details and contact » Price: £12,865 (€15,500) Year: 2004 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 500 see details and contact » Price: £37,101 (€44,700) Year: 2008 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 420 Adr see details and contact » Price: £14,110 (€17,000) Year: 2005 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Mercedes-benz Actros 2541 see details and contact » Price: £21,580 (€26,000) Year: 2003 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 440 Adr see details and contact » Price: £21,580 (€26,000) Year: 2006 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Magnum 460 see details and contact » Price: £37,101 (€44,700) Year: 2008 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Renault Premium 440 Adr see details and contact » Price: £21,580 (€26,000) Year: 2006 Seller: Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 POLAND Contact Renault Trucks Polska Sp. z o.o. Al. Jerozolimskie 174, 02-486 Warszawa POLAND Phone: +48 225 330 399+48 22 533 0200 Fax: +48 22 533 03 34 Your Name/Company: * You must enter your Name Your Requirements: * Your Email: * You must enter your Email You must enter your Question Contact Tel No: * You must enter your Phone Number Country Home About Us Press Releases terms & conditions privacy policy Sitemap contact us © Copyright 2010—All rights reserved. || ||