Moody's may up Mitsubishi Motors

Moody's Investors Service said it placed the Ba3 long-term debt ratings of Mitsubishi Motors Corp. and its supported subsidiaries, Mitsubishi Motors Credit of America, Inc. and MMC International Finance (Netherlands) BV under review for possible upgrade.

The upgrade review is due to the company's successful implementation of its business strategy, Moody's said. The agency said it will assess the strength of earnings and cash flow and the company's financial policy.

The company has steadily improved its profitability over the last few years with a restructured and reinforced portfolio designed to restore its market position and earnings growth in its core automotive businesses, Moody's said.

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