TEXT-Fitch affirms Nissan at 'BBB-'; Outlook negative

Newswire

(The following statement was released by the rating agency) July 1 - Fitch Ratings has today affirmed Nissan Motor Co., Ltd.'s (Nissan) Long-term foreign and local currency Issuer Default ratings (IDRs) and senior unsecured debt rating at 'BBB-'. The Outlook remains negative. The agency has also affirmed Nissan's Short-term foreign and local currency ratings at 'F3'. "Nissan continued to post operating losses in Q4FY08 (Q4 ending March 2009), resulting in a full year operating loss of ...

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