S&P lowers Nissan's outlook to negative, affirms BB+ ratings

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TOKYO : S&P Global Ratings revised Nissan Motor's credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance".

Picture taken July 14, 2020.

Nissan has increased sales incentives in a bid to correct high inventory levels, which have risen due to a slowdown in car sales in North America, the company's main market, S&P said.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: July Nissan Outlook Improve Company Motor Tokyo 2020 Negative Continue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 16:42:40 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 184 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25149532

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Official Website: channelnewsasia.com

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