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Outlooks Revised To Negative On Six Japanese Automakers And Suppliers; Ratings Affirmed Apr 11
Standard & Poors, April 2011
Japanese automakers and suppliers are likely to see deteriorated operating and financial performance in fiscal 2011 due to significant production cuts resulting from parts shortages following the March 11 earthquake. In our opinion, extended production cuts may erode Japanese automakers' market shares and competitive positions in the longer term. We revised the outlooks on the ratings on six Japanese automakers and suppliers to negative from stable. We affirmed the ratings on the companies. TOKYO (Standard & Poor's) April 25, 2011--Standard & Poor's Ratings Services today revised to negative from stable its outlooks on the ratings on six Japanese automakers and suppliers, based on our expectations that the companies are likely to experience deteriorated operating and financial performance in fiscal 2011...
Action: Outlook: Negative
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.
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- Honda Motor Co. Ltd.
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- Toyota Finance Australia Ltd.
- Toyota Credit Canada Inc.
- Toyota Finance New Zealand Ltd.
- Mitsubishi Motors Corp.
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- Toyota Financial Services Corp.
- Toyota Industries Corp.
- Aisin Seiki Co. Ltd.
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