Industry | 2011.12.16
Fitch: Credit Profiles to Strengthen for U.S. Auto Industry
CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects the credit profiles of the U.S. auto original equipment manufacturers (OEMs) and auto suppliers to generally strengthen in 2012, assuming economic conditions do not materially weaken from current trends. Fitch expects further improvements in free cash flow (FCF), leverage and liquidity as a result of continued vehicle demand growth in 2012. Global vehicle sales growth will be uneven regionally, however, with demand growth in the U.S. and key develo
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