Moody's downgraded Stellantis to Baa3 from Baa2 on February 10, 2026. The rating agency cited lower profits, weaker cash flow, and expectations for negative free cash flow as primary drivers for the move.
S&P Global also cut the automaker to its lowest investment grade. This action places Stellantis on the threshold of high-yield or junk bond status amid multibillion-dollar losses.
Moody’s Corporation (MCO) stock fell 6.35% to $420.92 in response. This represents a sharp decline from the February 9, 2026, closing price of $449.47. The sell-off contrasts with the broader market, where the S&P 500 gained 0.15%.