By Matt Tracy

(Reuters) -Credit rating agency Moody’s Ratings changed European automaker Stellantis’ ratings outlook to negative on Monday, though maintained its current ratings.

In their Monday report, Moody’s analysts outlined the financial risks facing the owner of Chrysler, Fiat, Jeep and other car brands.

The report highlighted Stellantis’s weak operating performance, as well as whether and how much the company could see its profitability and free cash flow generation recover.

Analysts also pointed to the automaker’s declining market share since the start of 2024, as auto dealers have reduced their inventories, demand for various brand models has dipped, and the company has experienced delays in new product launches.

“Additionally, challenging market conditions in Europe and the

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