S&P cuts MMC, says firm's viability in question


TOKYO, June 21 (Reuters) - Credit rating agency Standard & Poor's cut its rating on ailing auto maker Mitsubishi Motors Corp's bonds deeper into junk territory on Monday after the disclosure of more safety defects, saying the firm's existence was now in question. "Recent disclosures of additional safety defects -- which have led to further damage to MMC's already weak brand image and plummeting domestic sales -- call into question MMC's viability," Chizuko Satsukawa, a credit analyst ...

Premium Content (PAID Subscription Required)

"S&P cuts MMC, says firm's viability in question" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×