Nissan In Trouble

The maker of the iconic Datsun 240 Z" car is in deep soup.

 Moody's Ratings said on Friday it has downgraded its rating of Nissan Motor's (7201.T) credit by one notch to junk status, citing a weak and worsening outlook for the Japanese automaker's credit profile.

The credit-rating firm cut Nissan's senior unsecured rating to Ba1 from Baa3 and maintained its negative outlook. 

 

In a report, senior analyst Dean Enjo cited "risks associated with the implementation of its new restructuring plan, the renewal of its aging product range and global trade policies".

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