TEXT-Fitch downgrades Toyota to 'AA'; outlook negative

Newswire

(The following statement was released by the rating agency) Nov 26 - Fitch Ratings has today downgraded Toyota Motor Corporation's (Toyota) Long-term foreign and local currency Issuer Default ratings (IDRs) and senior unsecured debt ratings to 'AA' from 'AAA' and removed them from Rating Watch Negative (RWN). The ratings were placed on RWN on 17 November 2008. The Outlook is Negative. At the same time, the agency has affirmed Toyota's Short-term foreign and local currency IDRs at 'F1+'. ...

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