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.
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.
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.