2006-10-10

Moody’s Cuts Michelin Debt Rating

Moody's Investors Service has reportedly downgraded Groupe Michelin ’s long-term debt rating to Baa3 from Baa2, and the short term rating to Prime-3 from Prime-2.

The outlook is stable, Moody's added in the Forbes/AFX report.

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• Michelin range of tyres