Moody's: Honda Motor to stable

Moody's Japan KK said it affirmed the A1 senior unsecured long term ratings of Honda Motor Co., Ltd. and its supported subsidiaries and changed the outlook to stable from negative.

The short-term rating of P-1 was also affirmed.

Moody's said the outlook change reflects the substantial improvement in Honda's operating performance in the past year and the expectation that this improvement will be sustained.

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