Toyota credit rating cut for the first time in a decade

It’s not then end of the world, but Fitch Ratings decision today to cut Toyota’s AAA credit rating back to AA is yet more bad news for Japan’s number one carmaker. The downgrade, Toyota’s first in a decade, leaves only five companies in the world with triple A ratings (Exxon Mobil and Johnson & Johnson in the U.S. and three French companies).

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