Moody’s Investors Service Inc. said Wednesday it assigned a Baa2 rating to the 50 billion yen in “Samurai” bonds of Renault S.A., the biggest shareholder in Nissan Motor Co., citing expectations Renault will benefit from its new models and its deepening ties with Nissan.
The rating outlook is positive, the major U.S. credit-rating agency said. Samurai bonds are a yen-denominated instrument issued in Japan by foreign borrowers.
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