DBRS turns Nissan Motor trend to stable

DBRS said it changed the trends on Nissan Motor Co., Ltd. and the senior unsecured debt rating of its subsidiary, Nissan Canada Inc., to stable from negative while confirming these ratings at BBB (low).

“The trend changes reflect the moderately improving operating performance (albeit from weak levels) of the company. While credit metrics remain somewhat weak for the currently assigned ratings, the company’s conservative financial policy and favorable balance sheet help support its overall financial risk assessment (FRA),” DBRS said in a press release.

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