Standard & Poor’s (S&) has said its ratings on Suzuki will remain unaffected by the fact that GM has reduced its shareholding in the company, reported Kyodo News. On 6 March GM sold a 17% stake in Suzuki Motor, but kept a 3% stake.
Go deeper with GlobalData
S&P has currently assigned an A-minus corporate credit rating to Suzuki, which reflects its strong position in the Japanese mini-vehicle market and in emerging markets.
However, S&P suggested that if Suzuki buys back a significant number of shares (which it has) that could affect its financial profile and have a negative impact on its rating.
GM told Reuters that there have been no discussions concerning Suzuki’s shareholding in GM Daewoo, nor has GM made any decision on its 7.9% stake in Isuzu.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
