Renault shares rise even as Moody's cuts its debt to junk status

Renault’s shares rose in Paris even as Moody’s cut its rating on the car maker’s debt to junk status, citing weaker profitability as the company restructures and grapples with falling demand.

Renault shares rise even as Moody's cuts its debt to junk status

Renault’s shares rose in Paris even as Moody’s cut its rating on the car maker’s debt to junk status, citing weaker profitability as the company restructures and grapples with falling demand.

The shares rose over 2%, but have lost 43% in the past year as car manufacturers grapple with fast-changing technology.

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