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      Do You Know Why CNH Industrial (CNHI) Stock Is Rising Today?

      By Fahim Awan

      Published on

      December 1, 2023

      5:41 PM UTC

      Do You Know Why CNH Industrial (CNHI) Stock Is Rising Today?

      The shares of CNH Industrial N.V. (NYSE: CNHI) are experiencing an ascent in the market today, marking a notable increase of 4.80% to reach $11.26 in the latest assessment during the current trading session. This surge in CNH Industrial stock is attributable to a series of recent developments that transpired yesterday.

      CNH Industrial (CNHI) officially communicated on November 30, 2023, that S&P Global Ratings has elevated its long-term issuer credit ratings for CNHI and its subsidiary, CNH Industrial Capital LLC. The rating agency has upgraded CNHI’s rating from ‘BBB’ to ‘BBB+’, concurrently affirming the ‘A-2′ short-term issuer credit rating.

      Furthermore, S&P Global Ratings has raised the issue-level ratings on CNH Industrial and its industrial subsidiaries’ debt, along with the issue-level ratings on CNH Industrial Capital LLC’s senior unsecured debt, from ‘BBB’ to ‘BBB+’.

      In a separate press release, CNHI proudly announced its acknowledgment by the Government of Cordoba and the Chamber of Foreign Trade (CACEC) with a distinctive accolade in the “Industrial Innovation” category at the Industry Day Awards. This prestigious event unfolded in the grandeur of the Libertador General San Martin theater, graced by the presence of notable national and provincial authorities.

      The recognition bestowed upon CNH Industrial was attributed to its proficiency in deploying innovative tools, such as the multi-camera system with OBS Studio and touch screens for virtual interaction. Additionally, commendation was extended for the company’s strategic initiatives in augmented reality, virtual reality, and the Metaverse.

      CNH’s unwavering commitment to educating its clientele and dealerships in cutting-edge technology is deeply rooted in its dedication to enhancing the efficiency of the global dealer network and satisfying the needs of its customers worldwide. This special acknowledgment stands as a testament to the daily endeavors and both minor and major innovations implemented at CNHI’s Cordoba plant.

      With an unwavering focus on customer satisfaction, CNH Industrial persistently collaborates with its strategic allies, the dealerships, utilizing new digital and connected tools to elevate service standards. The company has notably excelled in prioritizing the training and education of its dealer and customer network.

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