Nissan Suffers A Credit Cut For Poor US Performance

Moody's cut its rating on Nissan Motor Co. by one notch on Friday, citing weak U.S. sales and casting a shadow on the Japanese automaker's move to improve its business following a decline in its annual profit.

Nissan -- hit by former Chairman Carlos Ghosn's arrest last year and troubles at its North American business -- reported a 45 percent plunge in annual operating profit in the year ending March, and forecast a 28 percent drop in profit this fiscal year.

Moody's cut its rating of Nissan's credit to "A3" from "A2," adding that the outlook was negative.

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skytop - 5/24/2019 11:00:56 AM

+1 Boost

Bad mojo for Nissan.

TomM - 5/24/2019 7:37:42 PM

+2 Boost

Actually - that is a hard statement to make for the general public. Eventually - every vehicle has a price that makes it a buy - it just may be a lot lower than they would like.

Unfortunately - we have seen the Dominance of a number of truly BAD products in the current market. In the past - poor reliability is something that would have been addressed by fixing the problems - NOT by lowering the prices. But we do have quite a few supposed "Quality" manufacturers putting out JUNK - and while it is taking longer - it will eventually catch up to even the best of them