Nissan's NMAC aims for balance of bond, ABS issues

Newswire

AMSTERDAM, April 26 (Reuters) - Nissan Motor Acceptance Corp. (NMAC), the funding arm of Japanese automaker Nissan Motor Co. , aims to increase its use of unsecured bond issuance as its credit ratings rise, an official at the company said on Tuesday. Asset-backed issuance, where bonds are backed by specific pools of loan and lease receivables, is currently the primary funding source for NMAC. "We're anticipating a ratings upgrade," said Jennifer Kuritz, senior manager for funding at ...

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