DBRS Releases Report on Toyota Motor Corporation

DBRS has today released a report on Toyota Motor Corporation (Toyota or the Company) that provides further detail of the recent confirmation of the long-term and short-term ratings of Toyota and its subsidiaries at AA and R-1 (middle), respectively.

The long-term ratings have been removed from Under Review with Negative Implications, where they were placed on February 11, 2010, citing DBRS’s concerns that the Company’s ongoing vehicle recalls would considerably undermine its long-term competitive position and brand image in the important U.S. market.

Notes:
The applicable methodology is Rating Automotive, which can be found on our website under Methodologies.

To obtain a copy of the report or the February 16, 2011, press release, please click on the links below or contact us at info@dbrs.com.