Moody's lifts Mitsubishi Motors' rating outlook

Newswire

TOKYO, March 29 (Reuters) - Moody's Investors Service lifted its Ba3 rating outlook on Mitsubishi Motors Corp. (MMC) on Wednesday, offering a dash of positive news at a time when the Japanese auto maker faces a capacity glut in Europe and plunging sales in the crucial U.S. market. The ratings agency changed its long-term debt rating outlook on Japan's only loss-making auto maker to stable from negative, citing its expectation that MMC's recovering profitability would continue to improve ...

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