AUTOS
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From Times Staff and Wire Reports
Honda’s Credit Rating Under Scrutiny: Moody’s Investors Service Inc. said it is reviewing the auto maker’s debt ratings in light of weak sales. The review covers about $2.5 billion of Honda’s debt securities, Moody’s said. Lowering Honda’s rating for long-term debt, currently at the average level of A1, would alert investors to potential risk. Moody’s said it is assessing Honda’s ability to improve earnings amid sluggish demand in Japan and erosion of its American market share.
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