DBRS confirms Honda Motor

DBRS said it confirmed Honda Motor Co., Ltd.’s issuer rating at A (high) and Honda Canada Finance Inc.’s senior unsecured debentures and commercial paper ratings at A (high) and R-1 (middle), respectively.

The trend is stable.

The agency said the confirmations reflect the company’s strong business risk assessment as an automotive original equipment manufacturer with moderate global scale–albeit with strong technological capabilities–with Honda also deriving diversification benefits from its motorcycle and financial services operations.

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