Fitch cuts Nissan rating to junk status, following Moody's downgrade
ReutersFeb 26, 2025 11:49 AM
TOKYO, Feb 26 (Reuters) - Fitch Ratings said on Wednesday it has downgraded Nissan Motor's 7201.T 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.
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