Nissan's Tough Luck Continues
TOKYO -- Nissan Motor Co.
Took another hit as the automaker’s debt rating was cut on concerns the next two years will be marked by slowing sales and a preoccupation with cleaning up after the scandal involving Carlos Ghosn.
The company’s rating was lowered for the first time in a decade by S&P Global Ratings to A- from A.
The outlook on the long-term debt score is stable, the rating firm said.
The company’s A2 grade at Moody’s Investors Service also was placed on review for a downgrade.