Nissan Motor Co., Ltd. (7201.T)
- Financial Times
An angel falls from auto heaven
About $10bn of Nissan Motors bonds will slide into high-yield bond markets in April, after S&P Global Ratings downgraded the automaker this week. Nissan will be the biggest issuer to qualify as a “fallen angel” — a company whose debt gets downgraded to junk after spending time in investment-grade — since the early weeks of the US’s Covid-19 pandemic in April 2020, according to strategists at Bank of America. Despite the increasingly hawkish outlook for the Fed, we view this downgrade as a one-off and expect relatively benign fallen angel volumes this year for three reasons.
- Bloomberg
Nissan Suffers Blow With S&P Cutting Credit to Junk
(Bloomberg) -- Nissan Motor Co.’s credit rating was slashed to junk by S&P Global Ratings, the latest setback for a carmaker that’s struggled to boost profitability in the years following former chairman Carlos Ghosn’s arrest and the industry’s pivot toward electrification.Most Read from BloombergMeta Plans Thousands More Layoffs as Soon as This WeekPowell Sees Higher Peak for Interest Rates, Says Fed Prepared to Speed Up If NeededBiden Eyes Tax Hike on Income Over $400,000 to Fund MedicareGloba
- Zacks
Should Value Investors Buy Nissan Motor Co. (NSANY) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
