Japan: Denso’s rating downgraded by S&P

Standard & Poor's has announced that, in tandem with a downgrade of Toyota Motor, it has lowered to 'AA-' from 'AA' its long-term corporate credit and senior unsecured debt ratings on Denso. The ratings agency has affirmed its 'A-1+' short-term rating on Denso. The outlook on the long-term corporate credit Subscribe to Automotive World to … Continued

• By Webmaster
• March 4, 2011