Credit Rating Report

Toyota Motor Corporation & Related Entities: Rating Report

Autos & Auto Suppliers

Summary

On February 25, 2020, DBRS Limited (DBRS Morningstar) confirmed the ratings of Toyota Motor Corporation (Toyota or the Company), Toyota Financial Services Corporation, and Toyota Credit Canada Inc. as listed above. All trends remain Stable. The ratings incorporate Toyota’s very strong business risk assessment (BRA) as a leading global automobile manufacturer with highly efficient operations. The Company’s financial risk assessment (FRA) is also extremely solid, with abundant liquidity comprised largely of substantial holdings of long-term, highly rated government bonds.

Ratings

Toyota Credit Canada Inc.
  • Date Issued:Feb 25, 2020
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Feb 25, 2020
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Feb 25, 2020
  • Rating Action:Confirmed
  • Ratings:R-1 (middle)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
Toyota Financial Services Corporation
  • Date Issued:Feb 25, 2020
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
Toyota Motor Corporation
  • Date Issued:Feb 25, 2020
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CA
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating