Moody's downgraded its credit rating on Toyota Motor Corp one notch today and will keep it on review for possible downgrade, saying it till take time for the vehicle manufacturer to return to stable earnings.
Moody's Investors Service lowered its senior unsecured rating on the Japanese automaker to Aa3 from Aa2.
The agency put Toyota on review in April, citing disruptions to the automaker's supply chain from the March 11th quake and tsunami and subsequent power cuts.
Reuters
