Japan: Moody’s cuts Toyota’s rating

Moody's Investors Service has lowered its senior unsecured credit rating on Toyota Motor by one notch to Aa3 from Aa2 and has said it will keep it under review for possible further downgrade. The downgrade reflects concerns that increased global competition, the yen's strength and high raw materials costs will pressure Subscribe to Automotive World … Continued

• By Webmaster
• June 28, 2011