Automakers

Nissan credit rating downgrade seen as start of 'fallen angels' cycle

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(NISSAN)
R
By:
Reuters
March 10, 2023 10:56 AM

WASHINGTON -- The downgrade of Nissan’s credit rating from investment grade to junk by S&P Global marks the start of a cycle that could see as much as $55 billion of so-called "fallen angels" this year, said fund managers.

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