Moody's upgrades Nissan

Sometimes we get so bogged down by covering downgrades coming out of the likes of Moody's and S&P that we're happy to report an instance of Moody's actually upgrading a car company. Moody's has upgraded Nissan's outlook from "stable" to "positive," citing the likelihood that Nissan will continue to be highly profitable and will improve its market position and improve financial flexibility, according to the report. Additionally, its expansion throughout international markets, avoidance of major incentives programs, and efforts to reduce debt made Nissan an attractive candidate for the upgrade.