Renault SA
RNO: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| F& | LOCK|#sj | LOCK|qZ&vGv |
Renault: Changing Its Accounting of Nissan; Fair Value Estimate Unchanged
Renault is changing the accounting of its shareholding in Nissan from equity method accounting to one that recognizes its shareholding as a financial asset measured at fair value. It will recognize an upfront noncash loss of EUR 9.5 billion. Operational collaboration between the firms is unchanged.
