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Peugeot Bank Unit Cut to Junk by S&P on European Car Sales

2013-02-15 16:20:10| Auto Dealers - Topix.net

PSA Peugeot Citroen's bank division was cut to junk by Standard & Poor's Ratings Services in a blow to French state-backed efforts by Europe's second-biggest carmaker to limit the effects of falling sales on the loan unit.

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