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US/Japan: Moody’s cuts Toyota rating

Moody’s Investors Service has announced it has cut Toyota Motor's credit rating, downgrading to Aa2 from Aa1, citing its expectation that profit at the OEM will remain at a low level through at least 2012. The rating change comes with a negative outlook. Moody's analyst Tadashi Usui is reported as asserting It’s time to log … Continued

Moody’s Investors Service has announced it has cut Toyota Motor's credit rating, downgrading to Aa2 from Aa1, citing its expectation that profit at the OEM will remain at a low level through at least 2012. The rating change comes with a negative outlook.

Moody's analyst Tadashi Usui is reported as asserting

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