BRIEF-Moody's Ratings On Honda-Nissan Merger Business - Integration Is Overall Credit Positive If Executed Successfully
Reuters2024-12-24
BRIEF-Moody's Ratings On Honda-Nissan Merger Business - Integration Is Overall Credit Positive If Executed SuccessfullyDec 24 (Reuters) - Nissan Motor Co Ltd 7201.T:
MOODY'S RATINGS ON HONDA-NISSAN MERGER: BUSINESS INTEGRATION IS OVERALL CREDIT POSITIVE IF EXECUTED SUCCESSFULLY
MOODY'S RATINGS: EXECUTION RISK IS HIGH, ESPECIALLY FOR HONDA, WHICH HAS LOWER MARGINS IN ITS AUTOMOTIVE BUSINESS COMPARED TO ITS MOTORCYCLE BUSINESS
MOODY'S RATINGS: LARGER SCALE THROUGH INTEGRATION WILL RESULT IN STRONGER CREDIT QUALITY, PARTICULARLY FOR NISSAN, WHICH CURRENTLY HAS SIGNIFICANTLY WEAKER CREDIT METRICS THAN HONDA
MOODY'S RATINGS: HONDA'S JPY1.1 TRILLION SHARE BUYBACK IS CREDIT NEGATIVE AS IT WILL ERODE HONDA'S LIQUIDITY OR CREDIT METRICS DEPENDING ON AMOUNT OF CASH OR DEBT USED TO FUND BUYBACK
Source text: [ID:]
Further company coverage: 7201.T
((Satoshi.Sugiyama@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.