TEXT-Moody's confirms Honda Finance Prime-1 rating


(Press release provided by Moody's Investors Service) TOKYO, May 19 - Moody's Investors Service has confirmed its Prime-1 rating for Honda Finance Co Ltd (Honda Finance) with the proposed rise in its commercial paper program to 200 billion yen ($1.73 billion) from 150 billion yen. Moody's rating is based on a Keepwell Agreement from Honda Motor Co Ltd (Honda), whose long-term rating is A1. Under the agreement, Honda will maintain 100 percent ownership of Honda Finance as well as ensure ...

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