Moody Cuts Toyota Rating on Recall Costs – Thomson Reuters

Moody Cuts Toyota Rating on Recall Costs – Thomson Reuters
by news and trends



TOKYO (Reuters) – Moody’s cut its credit rating on Toyota Motor Corp by one notch, predicting a long slump in profitability and potential litigation costs for a massive recall that has tarnished the Japanese automaker’s brand. A ratings downgrade could make it more costly for Toyota to secure funding and service its $36 billion in [...]

Moody Cuts Toyota Rating on Recall Costs – Thomson Reuters
Moody Cuts Toyota Rating on Recall Costs – Thomson Reuters

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