TEXT-S&P: Disasters pose challenges for Japan's automakers

Newswire

(The following statement was released by the ratings agency) March 25 - The catastrophic earthquake and tsunami that hit northeastern Japan on March 11, 2011, are causing additional challenges for Japanese automakers, such as disruptions to supply chains and electricity shortfalls, Standard & Poor's Ratings Services said in a report published today. However, Standard & Poor's currently believes that these challenges are unlikely to have a direct impact on the ratings on Japanese ...

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