Japan: Moody’s lowers Toyota outlook to negative

Moody's Japan K.K. has affirmed the Aa3 long-term senior unsecured and issuer ratings of Toyota Motor and its subsidiaries, but changed the rating outlook to negative from stable. According to the ratings agency, the change in outlook reflects the likelihood that the recovery in Toyota's profitability will be more protracted than Subscribe to Automotive World … Continued

• By Webmaster
• December 22, 2011