Nissan Motor Acceptance Corp.#s Medium-Term Notes Rated #A-#

Stocks and Financial Services Press Releases Wednesday February 25, 2015 17:21
TOKYO--25 Feb--Standard & Poor's

TOKYO (Standard & Poor's) Feb. 25, 2015--Standard & Poor's Ratings Servicestoday said that it has assigned its 'A-' long-term debt rating to Nissan MotorAcceptance Corp.'s (NMAC; A-/Stable/A-2) senior unsecured notes (see listbelow).

We assign the same ratings to the notes as our long-term corporate creditrating on NMAC, given our current rating on the company, the asset protectionor the notes, and the priority of payment of the notes among its financialobligations.

Given NMAC's essential role as Nissan Motor Co. Ltd.'s captive financesubsidiary in the U.S., Nissan Motor has a very strong economic incentive tomaintain NMAC's competitiveness and financial soundness, in our view. Wetherefore equalize the ratings on NMAC with those on Nissan Motor.


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