Credit Rating Report

Toyota Motor Corporation & Related Entities: Rating Report

Diversified Industries

Summary

On September 23, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Ratings of Toyota Motor Corporation, Toyota Financial Services Corporation, and Toyota Credit Canada Inc. (TCCI) at AA (low). Additionally, DBRS Morningstar confirmed TCCI’s Medium-Term Notes and Commercial Paper at AA (low) and R-1 (middle), respectively. The trends on all ratings are Stable.

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