Moody’s: Nissan Motor Acceptance view to negative

Moody’s Investors Service said it revised the outlook to negative from under review and confirmed all the ratings for Nissan Motor Acceptance Corp.’s, including its Baa3 long-term senior unsecured ratings

“These rating actions conclude the review for downgrade started on March 26, which was prompted by the uncertainty around the company’s operating performance related to the rapid global spread of the coronavirus outbreak,” Moody’s said in a press release.

The rating actions follow similar actions on the ratings for NMAC’s ultimate parent company Nissan Motor Co., Ltd., the agency said.

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