S&P raises Toyota's AAA rating outlook to stable


TOKYO, Jan 20 (Reuters) - Rating agency Standard & Poor's on Tuesday raised the outlook on Toyota Motor Corp's 'AAA' long-term debt rating to stable from negative, citing its stellar performance despite a harsh business environment. Japan's biggest auto maker boosted sales in every major car market last year thanks to a steady launch of popular, new models. "Backed by its strong product competitiveness and the geographic diversity of its operations, Toyota is expected to preserve its ...

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