Already-Downgraded Nissan Credit Rating Hit by Negative Outlook

Nissan Motor Co.’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week.

There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the first time in a decade to A- from A.