TEXT-Moody's assigns Toyota bonds 'Aa1' L-T rating

Newswire

(Press release provided by Moody's Investors Service) TOKYO, Aug 23 - Moody's Investors Service on Friday assigned a long-term rating of Aa1 to Toyota Motor Corp's 150 billion yen ($1.25 billion) bonds due 2012. Toyota's Aa1 long-term rating is based on Moody's expectation that the company will maintain a globally competitive cost position, strong and consistent financial fundamentals - even during periods of economic recession - and a highly attractive product line. This should allow ...

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