Fitch cuts Nissan rating to junk status, following Moody's downgrade
A person stands next to a car at Nissan's showroom at the company's headquarters in Yokohama, Japan, February 13, 2025. REUTERS/Kim Kyung-Hoon/File photo
TOKYO : Fitch Ratings said on Wednesday it has downgraded Nissan Motor's rating to junk-status BB+ from BBB-, referring to the Japanese automaker's "persistently low profitability, with a delayed recovery trajectory against our expectations".
Fitch also maintained a negative outlook for Nissan credit.
The move came after Moody's Ratings last week also cut its rating of Nissan by one notch to non-investment grade Ba1. S&P Global Ratings last month revised the carmaker's credit outlook to negative and affirmed its BB+ rating.
Source: Reuters
