TEXT-Moody's changes Mitsubishi Motors outlook to negative

Newswire

(The following statement was released by the rating agency) LONDON, Sept 25 - Moody's Investors Service has affirmed Mitsubishi Motors Corporation's (MMC) Ba3 senior debt ratings, but has changed the outlook to negative from stable. MMC announced on September 20, 2002 that it will spin off its truck and bus unit into a separate company, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), in January 2003. The new company will initially operate as a wholly owned subsidiary of MMC, but in ...

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