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

stock :: 2025-01-14 :: source - reuters

By Reuters

The brand logo of Nissan Motor Corp. is displayed at Nissan Pavilion in Yokohama, south of Tokyo, Japan - Reuters

TOKYO (Reuters) - 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.

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"The negative outlook reflects our view that the company's creditworthiness will continue to deteriorate if profitability does not improve and positive free cash flow is not secured," S&P said in a statement.

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.

(Reporting by Daniel Leussink; Editing by Jacqueline Wong)

Source:: Reuters

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