Moody’s changes Toyota Industries view to negative

Moody’s Investors Service said it changed the outlook to negative from under review and confirmed Toyota Industries Corp.’s A2 issuer and senior unsecured ratings.

“This action was primarily prompted by Moody’s decision to confirm Toyota Motor Corp.’s (TMC) A1 long-term ratings with a negative outlook, as announced on May 27, 2020,” Moody’s said in a press release.

The outlook revision and confirmation also end the review started on March 27, the agency said.

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