S&P lowers Nissan's rating to BB- from BB

Core Viewpoint - S&P Global Ratings has downgraded Nissan Motor's credit rating by one notch due to ongoing pressure on its profitability and a negative outlook for the Japanese automotive market [1] Group 1: Credit Rating Impact - The downgrade reflects concerns over Nissan's profitability, indicating that the company is facing significant challenges in maintaining its financial health [1] - The negative outlook suggests that further deterioration in the automotive market could lead to additional rating actions in the future [1] Group 2: Market Context - The Japanese automotive market is currently under pressure, which is contributing to Nissan's struggles [1] - The overall sentiment in the industry remains cautious, with potential implications for other automakers as well [1]