Fitch downgrades Aston Martin's ratings as US demand uncertain
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Fitch Ratings downgraded Aston Martin's debt ratings to CCC+, citing persistent negative cash flow and uncertainty in U.S. demand. Sales fell 17% year-over-year, with negative free cash flow expected until 2028. Despite anticipated operating profit improvements by 2026, rising competition and softer demand pose challenges. U.S. tariffs impacted sales, leading to price hikes. Aston Martin faces high leverage and weak cash flow among auto manufacturers, indicating significant financial risk.
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