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Nissan's Tough Luck Continues

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Nissan's Tough Luck Continues

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.

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Nissan's Tough Luck Continues

MAY 11, 2012, FILE PHOTO THIS IMAGE WAS MADE BY AP IMAGES FOR NISSAN NORTH AMERICA APRIL 20, 2018, FILE PHOTO FEB.

5, 2019, PHOTO




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