June 07, 2024 09:29 GMT
Toyota (A1 Pos/A+/A+): Moody’s Outlook Positive
CREDIT RATING
- Cites recent improvement in EBITA margin with low to mid-teens expected for the next 12-18 months.
- Expects cross-shareholding unwind to release capital to fund growth investment.
- Positive ratings action could come from debt/EBITDA below 1x with net cash, visibility improvement on achieving electrification targets with strong HEV sales growth.
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