Renault Group has announced that S&P Global Ratings has upgraded its long-term credit rating to "BBB-" (previously "BB+"), elevating it to "investment grade" status with a "stable" outlook.
According to the automaker, this change reflects the success of its product lineup renewal, its multi-energy strategy, and its ongoing international expansion, notably through a partnership-based approach.
"This demonstrates Renault Group's significant progress in improving profitability, strengthening cash generation, and enhancing its liquidity profile," commented CEO François Provost.
"We remain fully committed to pursuing profitable growth, with a goal of creating value for our employees, shareholders, and partners, while maintaining a rigorous financial policy," he added.
Renault is one of the world's leading automobile constructors. Net sales break down by activity as follows:
- sale of vehicles (89.9%): 2,264,815 passenger and commercial vehicles sold in 2024, distributed by brand between Renault (1,577,351), Dacia (676,340), Renault Korea Motors (6,539) and Alpine (4,855);
- services (10.2%): financing services for vehicle sales (purchasing, renting, leasing, etc.; RCI Banque), related services (maintenance, warranty extension, assistance, etc.) and mobility services.
At the end of 2024, the group had 25 industrial sites worldwide.
Net sales are distributed geographically as follows: France (29.9%), Europe (49.8%), Americas (8.3%), Eurasia (5.1%), Asia/Pacific (3.9%), Africa and Middle East (3%).
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