Toyota Motor Downgraded To 'AA-' On Weak Profitability; Outlook Stable Mar 11
Standard & Poors, March 2011
Abstract
Toyota's profitability has been recovering, but it is still weak and is improving at a slower pace than the profitability of its Japanese peers. We have lowered our long-term ratings on Toyota to 'AA-' from 'AA', based on our view that Toyota's profitability in the next one to two years is unlikely to recover to a level appropriate for the rating. The stable outlook reflects our expectation that Toyota is likely to maintain the gradual recovery occurring in its profitability, along with its minimal financial risk profile. TOKYO (Standard & Poor's) March 4, 2011--Standard & Poor's Ratings Services today lowered to 'AA-' from 'AA' its long-term corporate credit and senior unsecured debt ratings on Toyota Motor Corp. and related entities,...
Companies mentioned in this report are:
- Toyota Motor Corp.
- Toyota Motor Credit Corp.
- Toyota Motor Sales USA Inc.
- Toyota Motor Finance (Netherlands) B.V.
- Toyota Finance Australia Ltd.
- Toyota Credit Canada Inc.
- Toyota Finance New Zealand Ltd.
- Toyota Finance Corp.
- Toyota Financial Services (UK) PLC
- Toyota (GB) PLC
- Toyota Financial Services Corp.
- Toyota Kreditbank GmbH
- Toyota Leasing GmbH
Action: Downgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Toyota Motor Corp.
- Toyota Motor Credit Corp.
- Toyota Motor Sales USA Inc.
- Toyota Motor Finance (Netherlands) B.V.
- Toyota Finance Australia Ltd.
- Toyota Credit Canada Inc.
- Toyota Finance New Zealand Ltd.
- Toyota Finance Corp.
- Toyota Financial Services (UK) PLC
- Toyota (GB) PLC
- Toyota Financial Services Corp.
- Toyota Kreditbank GmbH
- Toyota Leasing GmbH
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