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Published on 3/30/2020 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

Moody’s trims Toyota Credit

Moody’s Investors Service said it downgraded Toyota Credit Canada Inc.’s long-term backed senior unsecured ratings to A1 from Aa3 and placed all ratings on review for further downgrade.

The downgrade and review follow similar actions on the ratings for Toyota Credit Canada’s ultimate parent company Toyota Motor Corp. last week, said Moody’s.


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