Toyota Suffers First Credit Rating Cut in 10 Years
Toyota Suffers First Credit Rating Cut in 10 Years
Toyota Motor Corp.’s debt rating was cut by Fitch Ratings, the automaker’s first downgrade in 10 years, as the slump in U.S. car sales drags down earnings at the company with the industry’s best credit.
By Makiko Kitamura and Tetsuya Komatsu
Nov. 26 (Bloomberg) — Toyota Motor Corp.’s debt [...]