Nissan Cut to Junk by Fitch Ratings Days After Moody’s Downgrade

Nissan Motor Co.’s credit is now graded as junk by all three major credit raters, following a second downgrade in a matter of days.

Fitch Ratings cut the carmaker to BB+ from BBB-, citing weak earnings and uncertain prospects for recovery. Moody’s Ratings downgraded Nissan last week, while S&P Global Ratings has had the manufacturer at speculative grade since March 2023.