Moody's Corporation $MCO, a leading provider of bond ratings and corporate financial analysis, recently announced a revision of its financial forecasts for the current year. This adjustment is primarily driven by the adverse impacts of tariff wars creating uncertainty in the markets, which in turn leads to a decline in bond prices and a slowdown in mergers and acquisitions activity.
On Wednesday, the Italian Republic had a successful bond issuance, confirming growing investor interest and the attraction of significant funds. The total value of requests reached over €103 billion ($117.1 billion) for a €12 billion offering, demonstrating positive market sentiment and the recent upgrade in the country’s credit rating.
On Friday, S&P Global Ratings downgraded the long-term credit rating of Nissan Motor (7201.T) to "BB." This move reflects the current outlook on the company's business performance, as industry analysts note that Nissan’s automotive sector lacks the rapid transformative progress needed to compete effectively with its global peers.
Nissan Motor Co.'s $7201.T credit default swaps (CDS) have surged in popularity, now leading among Japanese companies, surpassing giants like Rakuten Group Inc. $RKUNF and SoftBank Group Corp. $SFTBY. This shift comes in the wake of halted merger discussions with Honda Motor Co. $HMC, significantly impacting the financial market.
