Toyota to Honda rating outlooks raised by Moody's on recoveries

Anna Mukai Bloomberg News Comments Toyota Motor Corp. and Honda Motor Co. had their credit-rating outlook raised by Moody’s Investors Service Inc., which cited the Japanese carmakers’ recovery from natural disasters and the benefits of a weaker yen. Moody’s upgraded its outlook for Toyota and Honda to stable from negative and affirmed their credit ratings at Aa3 and A1 respectively, according to statements by the New York-based rating company. The change for Toyota, Japan’s highest-rated issuer, comes a month after the company doubled the amount of a bond sale, its first in eight months. Toyota sold 60 billion yen ($615 million) in a two-part offering on May 30, including three-year notes...