Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Honda Motor Co., Ltd. > News item |
Moody’s shifts Honda view to negative
Moody’s Investors Service said it changed the outlook for Honda Motor Co., Ltd. and its supported captive finance subsidiaries to negative from stable.
"The change in outlook to negative reflects the pressure on Honda’s already weak profitability compared to the similarly rated peers, from the negative outlook for auto sales and the investments required in the sector-wide transition to electrification," said Takashi Akimoto, a Moody’s assistant vice president and analyst, in a press release.
Honda’s profitability is weak for its ratings. The company posted a 5.3% EBITA margin (excluding its finance business) in the fiscal year ended March 2019 (fiscal 2018), and it expects to maintain a similar level of profitability in fiscal 2019.
Moody’s affirmed the long-term ratings of Honda and its supported captive finance subsidiaries.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.