Moody’s lifts short-term rating on NR Finance Mexico

Moody's Investors Service said it upgraded NR Finance Mexico, SA de CV Sofom, ENR's global local-currency short-term program rating to prime-1 from prime-2.

This rating covers NR Finance Mexico's short term issuances under its bursatiles program, which cannot exceed Ps 5 billion, Moody’s said.

The upgrade follows a similar action taken on NR Finance Mexico's parent company and guarantor, Nissan Motor Acceptance Corp., the agency explained.

The global local-currency short term debt rating of NR Finance Mexico reflects a full, irrevocable and unconditional guarantee by Nissan Motor, Moody’s said.

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