Toyota Suffers Another Blow As Moody's Cuts Credit Rating To Negative

Toyota Motor Corp. and its affiliates’ credit rating outlook was cut to negative from stable by Moody’s Investors Service on concern gains in the yen may delay recovery in their profit margins.

The automaker’s rating could be reduced if it is unable to implement steps to restore profitability, Moody’s said in a statement today. Toyota’s senior unsecured long-term rating was affirmed by Moody’s at Aa3, three notches below the top investment grade.

 

acronis - 12/22/2011 10:55:21 AM

+1 Boost

This is not surprising after several million recalls later.

Hoorayforpeepee - 12/22/2011 12:16:52 PM

+2 Boost

Acronis, if you read the article :

“The recovery in Toyota’s profitability will be more protracted than anticipated due to the company’s significant exposure to the strong yen,” Moody’s said. “This foreign- exchange pressure is compounded by eroding macro-economic conditions in certain core markets.”

knowitall1985 - 12/22/2011 3:38:25 PM

+2 Boost

Toyota could buy moody cash and raise their rating.....total bull*hit!!!

LexSucks - 12/22/2011 5:57:57 PM

+1 Boost

Why do think that money can fix everything? Toyota has all the money in the world yet they make some of the lamest automotive appliances that you can buy.

Mason3Robert - 12/22/2011 7:33:21 PM

-1 Boost

Excuse me????

Everyone wants to be Toyota....#1 in many sales and profits categories(1990-Present multiple times, multiple years(Idiot), worth $200+ Billion. Toyota wouldnt ever make cars to YOUR liking...and thats a good thing! Lame sells or you haven't received the memo?

And no one cares about Moody's rating system...which is secretly ran by Newt Gingrich and Bill O'Reily's camp! Hello!