S&P rates Nissan Motor notes BBB+

Standard & Poor's said it assigned its BBB+ debt rating to Nissan Motor Acceptance Corp.'s $300 million 2.65% senior unsecured notes due Sept. 26, 2018 and $700 million floating-rate senior unsecured notes due Sept. 26, 2016.

Nissan Motor Acceptance is a wholly owned subsidiary of Nissan North America Inc., which, in turn, is a wholly owned subsidiary of Japan-based automaker Nissan Motor Co. Ltd.

S&P said its ratings on Nissan Motor Acceptance reflect the credit strength of the Nissan group because Nissan Motor Acceptance plays an essential marketing role as a captive finance company providing financial services to Nissan and Infiniti dealers and customers in the U.S.

Accordingly, its ultimate parent has a very strong economic incentive to maintain the company's financial soundness and business competitiveness, in the agency's opinion.

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