Honda Motor Co., Ltd. & Honda Canada Finance Inc.: Rating Report

On February 9, 2022, DBRS Limited (DBRS Morningstar) changed the trend on Honda Motor Co., Ltd.’s Issuer Rating to Stable from Negative and confirmed the rating at A (high). Concurrently, DBRS Morningstar changed the trends on Honda Canada Finance Inc.’s Senior Unsecured Debentures and Commercial Paper ratings to Stable from Negative, while confirming the ratings at A (high) and R-1 (middle), respectively.