America's No 5 carmaker faces extinction after Moody's 'junk' rating
Story by Ben Shimkus, Consumer Reporter For Dailymail.Com • 15h
Nissan is facing tough times. The Japanese automaker, already reeling from failed merger talks with Honda, just suffered another blow.
Moody's this morning downgraded its credit rating to 'junk' status, citing weak profitability and an aging vehicle lineup.
A junk credit rating signals to investors that lending money to Nissan is now considered a very risky bet.
In turn, the company, which sold the fifth most cars in the U.S. in 2024, will likely have to pay higher interest rates to borrow money.
The downgrade comes at a particularly challenging time for Nissan. Last November, the company unveiled a restructuring plan that would slash 9,000 jobs and cut production by 20 percent.
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