Fitch Ratings Raises Navistar International's Outlook to Positive (NAV,GE)
Wednesday, March 17, 2010 - 15:09
Written on Wed, 03/17/2010 - 3:09pm
By Chip Brian

3/17/2010-Fitch Ratings raised its outlook on Navistar International (NYSE:NAV) and its financing arm to positive from negative, citing a partnership with the financing unit of General Electric Co. (NYSE:GE), which is expected to improve the truck maker's ability to provide large loans for its customers' purchases.
The ratings agency said previously it had concerns with the financing arm's funding, capitalization and asset-quality performance, but those concerns have been eliminated or reduced with the new agreement with GE Capital.

Keywords: navistar Fitch outlook

Ticker(s): NAV GE

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