TEXT-S&P says Toyota rating unlikely hurt by Tomen aid

Newswire

(Press release provided by Standard & Poor's Corp) TOKYO, Dec 27 - Standard & Poor's Ratings Services said today that its rating on Toyota Motor Corp. (AAA/Negative/A-1+) is unlikely to be negatively affected by the probable extension of support to troubled general trading company Tomen Corp. ('CCpi'). Tomen today announced a new midterm management plan involving integration with Toyota Tsusho Corp. (a 22.9% owned affiliate of Toyota Motor), and a proposed JPY10 billion capital ...

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