Moody’s cuts NR Finance

Moody’s Investors Service downgraded NR Finance Mexico, SA de CV’s backed long-term global local currency senior unsecured debt rating to Baa3, from Baa1 and its backed long-term Mexican national scale senior unsecured debt ratings to Aa3.mx, from Aa1.mx. The ratings were placed on review for further downgrade.

This action follows a similar action taken by Moody’s on the ratings of Nissan Motor Acceptance Corp. on Thursday, which in turn, follows the downgrade of Nissan Motor Co., Ltd.’s ratings on the same date, Moody’s said.

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