Finance
S&P lowers Nissan's outlook to negative, affirms BB+ ratings
Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026
Quick Summary
S&P Global Ratings has downgraded Nissan's credit outlook to negative, maintaining its BB+ rating, due to slow improvements in business performance and high inventory levels from reduced North American sales.
S&P Downgrades Nissan's Credit Outlook to Negative
TOKYO (Reuters) - S&P Global Ratings revised Nissan Motor's credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
"The negative outlook reflects our view that the company's creditworthiness will continue to deteriorate if profitability does not improve and positive free cash flow is not secured," S&P said in a statement.
Nissan has increased sales incentives in a bid to correct high inventory levels, which have risen due to a slowdown in car sales in North America, the company's main market, S&P said.
(Reporting by Daniel Leussink; Editing by Jacqueline Wong)
Key Takeaways
- •S&P Global Ratings revised Nissan's credit outlook to negative.
- •Nissan's BB+ rating was affirmed despite the outlook change.
- •The negative outlook is due to slow improvement in business performance.
- •Nissan is facing high inventory levels due to slow car sales in North America.
- •Increased sales incentives are being used to address inventory issues.
Frequently Asked Questions about S&P lowers Nissan's outlook to negative, affirms BB+ ratings
1What is the main topic?
The main topic is S&P Global Ratings' decision to downgrade Nissan's credit outlook to negative while affirming its BB+ rating.
2Why was Nissan's outlook downgraded?
Nissan's outlook was downgraded due to slow improvements in business performance and high inventory levels caused by reduced car sales in North America.
3What actions is Nissan taking to address these issues?
Nissan is increasing sales incentives to correct high inventory levels resulting from a slowdown in car sales in its main market, North America.
