Reported about 13 hours ago
Nissan Motor Co. has received a junk credit rating from Fitch Ratings, following a downgrade from Moody’s just days earlier. Fitch lowered Nissan's rating from BBB- to BB+ due to weak earnings and uncertain recovery prospects, noting that profitability is expected to remain under pressure for the next one to two years. This comes as the company anticipates a significant net loss for the fiscal year and struggles to find new solutions after failed merger talks with Honda.
Source: YAHOO