DBRS ups Nissan Motor

DBRS said it upgraded the long-term ratings of Nissan Motor Co., Ltd. and its subsidiary, Nissan Canada Financial Services Inc., to A from A (low).

Concurrently, DBRS confirmed the commercial paper ratings of Nissan Canada Financial Services at R-1 (low). The trend on the long-term ratings has been changed to stable from positive.

DBRS said the (long-term) ratings upgrade considers the company’s solid business risk assessment as a global automotive original equipment manufacturer with a meaningful presence in all major automotive markets, further bolstered by the Renault-Nissan-Mitsubishi Alliance.

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