S&P Global Ratings has upgraded Renault SA's long-term credit rating to BBB-, thereby crossing the investment grade threshold, according to the automaker. This rating, accompanied by a stable outlook, follows the previous BB+ rating.
The upgrade to investment grade status comes after a period of restructuring within the automotive group. According to the release, S&P Global Ratings attributes this decision to the successful renewal of Renault Group's product range, its multi-energy strategy encompassing electric, combustion, and hybrid vehicles, and its international expansion based on a partnership approach. The agency also highlights the resilience of the group's business model and its robust liquidity profile. This revaluation marks a recognition of the improvements in profitability and strengthened cash flow generation by the manufacturer.
Management's Response
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
In a statement reported by the group, François Provost, CEO of Renault Group, hails this upgrade as recognition of the progress made in terms of profitability and liquidity. The executive reaffirms the group’s commitment to pursuing profitable growth, aiming to create value for employees, shareholders, and partners, while maintaining strict financial discipline. The group emphasizes that it remains focused on developing innovative technologies and services, as well as a balanced and electrified vehicle range.
Corporate Footprint and Environmental Goals
Renault Group operates under four brands: Renault, Dacia, Alpine, and Mobilize. According to the data shared, the group sold 2.265 million vehicles in 2024 and employs over 98,000 staff across 114 countries. Furthermore, the manufacturer aims to achieve carbon neutrality in Europe by 2040, aligning with current environmental challenges.
"Nos résultats 2025, dans un contexte de marché difficile, démontrent l’engagement de nos équipes pour délivrer une performance régulière de premier plan parmi les acteurs de l’industrie automobile."
Résultats 2025: chiffre d’affaires Groupe de 57 922 millions d’euros (+3,0 % YoY; +4,5 % à taux de change constants); chiffre d’affaires Automobile de 51 442 millions d’euros (+1,8 %); marge opérationnelle Groupe de 6,3 %; résultat net part du Groupe de -10 931 millions d’euros; résultat net du Groupe hors Nissan de 715 millions d’euros; free cash-flow Automobile de 1 473 millions d’euros; position financière nette Automobile de 7 370 millions d’euros; dividende proposé de 2,20 euros par action; perspectives 2026: marge opérationnelle du Groupe entre 5 % et 7 %, free cash-flow de l’Automobile d’environ 1,0 milliard d’euros et dividendes Mobilize Financial Services d’environ 350 millions d’euros; perspectives à moyen terme axées sur une croissance soutenue et la réduction des coûts.
Outlook / guidance
Management commentary: Renault Group vise une marge opérationnelle du Groupe entre 5 % et 7 % du chiffre d’affaires sur le moyen terme et un free cash-flow de l’Automobile d’environ 1,0 milliard d’euros par an en moyenne sur le moyen terme, incluant environ 350 millions d’euros de dividendes reçus de Mobilize Financial Services à partir de 2026.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
