Moody's rates American Honda Finance notes A1

Moody's Japan K.K. said it assigned provisional A1 ratings to the $5 billion series A medium-term notes program of American Honda Finance Corp.

American Honda Finance is an indirectly, wholly owned subsidiary of Honda Motor Co., Ltd.

The outlook is stable.

The credit quality is enhanced by the keep well agreement between Honda and American Honda Finance.

Moody's said 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.