S&P warns it could downgrade Nissan ratings over Ghosn scandal
S&P has warned the firm's profitability could "weaken substantially" in fiscal years 2018 and 2019 if Ghosn's alleged misconduct affected Nissan sales (AFP Photo/Martin BUREAU)/ Ratings agency S&P warned Tuesday that Nissan faces a possible debt downgrade after its chairman Carlos Ghosn was arrested for alleged financial misconduct. S&P Global Ratings announced a "CreditWatch with negative implications" and said it "also placed all of our ratings on Nissan's overseas subsidiaries on CreditWatch negative." It warned the firm's profitability ...
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