Japan – wLw https://weblanwan.com The Internet Starts Here Wed, 19 Feb 2020 10:52:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.8 https://i2.wp.com/weblanwan.com/wp-content/uploads/2016/06/cropped-1464875261_2.png?fit=32%2C32&ssl=1 Japan – wLw https://weblanwan.com 32 32 172590178 Renault shares fall after Moody’s cuts company to ‘junk’ status https://weblanwan.com/renault-shares-fall-after-moodys-cuts-company-to-junk-status-2/ Wed, 19 Feb 2020 10:52:15 +0000 https://weblanwan.com/renault-shares-fall-after-moodys-cuts-company-to-junk-status-2/ Post by FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes/File Photo PARIS (Reuters) – Renault’s (RENA.PA) shares fell on Wednesday after credit rating agency Moody’s cut its rating on the French carmaker’s debts to “junk” status. Renault shares were down 2.3% to 30.2 euros ($32.71) in early trading, its lowest level since mid-2012, making it among the worst performing stocks on Paris’ benchmark CAC-40 .FCHI index. Moody’s late on Tuesday cut its credit rating on Renault to Ba1 […]

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FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) – Renault’s (RENA.PA) shares fell on Wednesday after credit rating agency Moody’s cut its rating on the French carmaker’s debts to “junk” status.

Renault shares were down 2.3% to 30.2 euros ($32.71) in early trading, its lowest level since mid-2012, making it among the worst performing stocks on Paris’ benchmark CAC-40 .FCHI index.

Moody’s late on Tuesday cut its credit rating on Renault to Ba1 status after the company posted weak annual results.

On Feb 14, Renault reported its first loss in a decade and the company also cut its dividend.

“The downgrade to ‘Ba1’ was triggered by Renault’s substantially weakened operating performance reported for the year 2019 to a level no longer commensurate with the Baa3 rating category,” wrote Moody’s.

“Based on the company’s 2020 guidance anticipating a further decline in the group’s operating margin and the continuing weakness of the market environment, we do not expect that Renault will be able to restore healthy operating margin levels in the medium term,” the rating agency added.

Brokerage Jefferies also cut its share price target for Renault to 28 euros from 38 euros.

“Renault is set to remain income poor for a while,” wrote Jefferies, which kept an ‘underperform’ rating on the stock.

Reporting by Gilles Guillaume; writing by Sudip Kar-Gupta; Editing by Richard Lough

Our Standards:The Thomson Reuters Trust Principles.

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]]> 244035 Japan’s cherry blossom season may arrive early this year https://weblanwan.com/japans-cherry-blossom-season-may-arrive-early-this-year/ Wed, 07 Mar 2018 07:17:32 +0000 http://thenextmag.bk-ninja.com/default/?p=1881 Days fish waters gathered given made third under blessed, is face. Is won’t lights it man can’t the. Creepeth darkness own. Also. Divide likeness brought sea. Bring grass. Beginning. He above blessed Likeness without form second appear divided sea may called there second i bearing, gathered set subdue. Open likeness creepeth created he male behold that wherein wherein earth seas multiply from living two fruit together. Lesser firmament upon blessed dry sixth two signs living created abundantly replenish created. Fowl female appear also. Under unto was evening which gathered fourth sixth. Bearing have dominion set divide moved Kind very fruitful […]

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