Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance

Posted on January 14, 2025

S&P lowers Nissan's outlook to negative, affirms BB+ ratings

TOKYO (Reuters) - S&P Global Ratings revised Nissan Motor's credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.

"The negative outlook reflects our view that the company's creditworthiness will continue to deteriorate if profitability does not improve and positive free cash flow is not secured," S&P said in a statement.

Nissan has increased sales incentives in a bid to correct high inventory levels, which have risen due to a slowdown in car sales in North America, the company's main market, S&P said.

(Reporting by Daniel Leussink; Editing by Jacqueline Wong)

Recommended for you

  • UK's Games Workshop's HY profit leaps with Warhammer popularity

  • Activist investor Gatemore calls for CEO change in UK's YouGov

  • UK's Robert Walters abandons profit view in tough hiring market