TEXT-S&P assigns Toyota bonds 'AAA' rating

Newswire

(Press release provided by Standard & Poor's Corp) TOKYO, Aug 23 - Standard & Poor's said on Friday that it had assigned its triple-'A' rating to Toyota Motor Corp's (AAA/Negative/A-1+) 150 billion yen ($1.25 billion) 1.33 percent domestic straight bonds due September 20, 2012. The rating reflects Toyota's proven ability to maintain an exceptionally strong financial profile even amid a difficult operating environment. The long-term corporate credit rating on Toyota is currently ...

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