TEXT-S&P: Nissan ratings unaffected by Nissan Diesel bail-out

Newswire

(The following statement was released by the rating agency) TOKYO, Oct 1 - Standard & Poor's Ratings Services said today that its ratings on Nissan Motor Co Ltd (BBB/Stable/A-2) would not be affected by the company's participation in a bailout plan for its truckmaker affiliate, Nissan Diesel Co Ltd . The transaction, announced on Sept 30, 2003, will significantly improve Nissan Diesel's capital structure and is expected to help the company turn around. Of the 106 billion yen ...

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