Posts Tagged ‘cash flow’

Toyota Loses AAA Status on Fitch Downgrade

Wednesday, November 26, 2008 7:47 1 Comment

Fitch Ratings downgraded Toyota Motor Corp.’s (TM:65.73) long-term foreign and local currency issuer default ratings and senior unsecured debt ratings to ‘AA’ from ‘AAA,’ with a negative outlook, late Tuesday. “Multiple negative developments, including the rapid and significant appreciation of the yen, the concurrent downturn in all major auto markets and high raw [...]

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