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Nissan’s Bond Risk Jumps as Ratings Firms Warn on Debt Score
- Automaker has Japan’s fourth-highest credit-default risk
- Mizuho cuts credit outlook to slightly negative from stable
Nissan Motor showroom in Yokohama, Japan.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
A gauge of Nissan Motor Co.’s debt-default risk jumped, as the Japanese automaker’s reduction of its payroll, production and profit forecasts prompted ratings firms to review their debt scores.
The cost to insure Nissan’s bonds against nonpayment was indicated around the highest level since March 2023 according to a credit-default swap trader. Japan Credit Rating Agency Ltd. put the carmaker’s ‘A’ rating on monitor for possible downgrade, saying it will study the business and financial impact of its restructuring plans.