Toyota unit sees return to asset-backed market

Newswire

By Quentin Webb AMSTERDAM, April 27 (Reuters) - Toyota Motor Credit, the U.S. financing unit of Japanese carmaker Toyota , plans to return to the asset-backed debt market and is likely to borrow more in the coming year as its assets grow, a top TMC executive said on Thursday. But overall parent Toyota plans to stick to the conservative funding strategy that has lead to a $45 billion cash hoard, helping it become one of only a handful of triple-A rated companies worldwide, Stephen Howard, ...

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