Moody's Downgrades Nissan's Credit Ranking; You Probably Know Why

Save for one article about adorable baby ducks, we’ve dumped on Nissan all week. Circumstances being what they are, there wasn’t much of an alternative.

Between a dismal earnings report showcasing a 45 percent decline in annual operating profit for the year ending in March, a forecasted 28 percent drop in profits for this year, corporate strife between the automaker and top shareholder Renault SA, and the ongoing legal troubles with former chairman Carlos Ghosn, it’s been a bad few months.

Nissan’s share price is also in decline for some strange reason, and, following a negative outlook from S&P, Moody’s downgraded the automaker’s credit rating from an A2 to an A3. That’s right, one entire notch lower. That clinches it. Nissan is officially done forever. If the 2008 financial crisis has taught us anything, it’s that you can absolutely trust rating agencies to be arbiters of the future.

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Moody's Upgrades GM Credit Rating To Investment Grade

In another sign that largest American automaker has come back from its 2009 bankruptcy, for the first time since 2005, a credit rating firm has judged General Motors’ corporate debt to be investment-grade. On Tuesday, Moody’s Investors Service raised GM’s rating to Baa3 from Ba1. Baa3 is Moody’s lowest rating that it considers worthy of investment.

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Piston Slap: Not My Ticket, Not My Problem?
Bryan writes:

A question I’d love to see posed to the Best and Brightest: What to do when you’re sent tickets for a car you’re not liable for?

I just got two tickets this morning, for parking infractions that occurred 9.5 years ago, under a previous owner of a car that I bought 9 years ago. I’m not going to pay them just to quell the payment demands, since I consider this extortion.

So, is it better for me to simply never acknowledge receipt of the tickets, since they’re not my liability? Or will that put a black mark on my credit rating? I’m concerned that trying to rationally explain things to the parking enforcement company will only get me stuck deeper in the problem – they don’t care about the truth, they just want to get paid.

This has happened to my parents twice before, so I think it’s a common problem – but I don’t know what the best thing to do is, and I’d love to see how the Best and Brightest have dealt with it.

Sajeev answers:

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  • Golden2husky Have to say he did an excellent job on the C7, especially considering the limited budget he was given. I am very happy with my purchase.
  • Marty The problem isn't range; it's lack of electricity in multi-unit building parking. All you need is level 1 - a standard 120v wall socket - and if you're plugged in 10 hours overnight you get 280 miles per week or more. That's enough for most folks but you can use public charging to supplement when needed. Installing conduit circuits and outlets is simple and cheap; no charge stations needed.
  • 2manyvettes Tadge was at the Corvette Corral at the Rolex 24 hour sports car race at the end of January 2023. During the Q&A after his remarks someone stood up and told him "I will never buy an electric Corvette." His response? "I will never sell you an electric Corvette." Take that Fwiw.
  • Socrates77 They're pinching pennies for the investors like always, greed has turned GM into a joke of an old corporate American greed.
  • Analoggrotto looking at this takes me right back to the year when “CD-ROM” first entered public lexicon