Moody's gives American Honda Finance notes A1

Moody's Japan K.K. said it assigned A1 ratings to the notes issued by American Honda Finance Corp.'s €750 million euro medium-term note program.

The outlook is stable.

This is a drawdown from the company's $11 billion euro medium-term note program, which is rated provisional A1.

Moody's said the credit quality of the notes is enhanced by a support agreement between Honda Motor Co., Ltd. and American Honda Finance.

Honda's A1 rating is supported by an excellent brand and strong position in its core automotive markets, its strong position in the motorcycle business, its cost management capability and its strong balance sheet.

© 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.