Toyota Motor Corp. had its credit outlook lowered by Moody’s Investors Service, showing even the world’s most valuable carmaker isn’t safe from turmoil in the industry.

The outlook was changed to negative from stable, Moody’s said Thursday in a statement as it affirmed its Aa3 rating for the company -- the fourth-highest level. The Japanese giant has held that rating since 2011, according to data compiled by Bloomberg.

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Cracks In The Armor? Moodys Downgrades Toyota's Investment Status

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