American Honda Finance CP Rating Affirmed
11 March 2014 01:30 WIB
TEMPO.CO, Jakarta - Fitch Ratings has affirmed American Honda Finance Corporation's commercial paper rating at 'F1' following the increase in the programme size to $7bn from $6bn, as reported by Stock Market Wire.
AHFC is an indirect wholly owned subsidiary of Honda Motor Co.
AHFC's rating is equalised with HMC's rating, as Fitch views AHFC as a core subsidiary of HMC, as demonstrated by a high percentage of HMC's US sales financed by AHFC and strong operational and financial linkages between the two companies.
STOCK MARKET WIRE