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S&P puts Nissan on CreditWatch negative
S&P said it placed Nissan Motor Co. Ltd.’s ratings on CreditWatch with negative implications, citing a challenging global auto market.
The agency said it also placed on CreditWatch with negative implications the A- issuer credit ratings on Nissan Motor’s overseas subsidiaries (Nissan Financial Services Australia Pty. Ltd., Nissan International Finance (Netherlands) BV, Nissan Motor Acceptance Corp., Nissan North America Inc. and its A- long-term rating on debt they have issued.
“We intend to resolve the CreditWatch placements after closely reviewing the company’s earnings estimates for fiscals 2019 and 2020,” the agency said in a press release.
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