Moody's said that its rating review will assess the level of support to be imputed from the new shareholder. Moody's notes, however, that for the short-term rating to be upgraded, the level of support from the ultimate parent has to be very high. According to the rating agency, Cetelem's involvement in JFI is also expected to contribute to the latter's franchise enhancement in the medium- to long-term. The review is expected to be concluded once the deal is finalised.