Japan: Toyota’s rating downgraded on weak profitability

Standard & Poor's has lowered its long-term corporate credit and senior unsecured debt ratings on Toyota Motor Corporation and related entities, including Toyota Motor Credit, to 'AA-' from 'AA'. The downgrade is based on the ratings agency's view that Toyota's profitability in the next one to two years is unlikely to Subscribe to Automotive World … Continued

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• March 4, 2011