Honda Motor Co . and its affiliates' credit rating outlook was cut to negative from stable Monday by Moody's Investors Service on concern the automaker faces "significant challenges" in regaining its market share.
The carmaker's rating could be reduced if it is unable to restore profitability and regain market share, Moody's said. Honda lowered its full-year profit outlook after Thailand's worst floods in almost 70 years disrupted production.
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