Toyota Motor Corporation:Update to credit analysis

Moody's assigns A1 to TMFNL's EMTN drawdown due April 2025 (Japanese only) - Rating Action – 2022/04/11 – US$ 180.00 – (a)(b) Moody's Corporation MCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 500 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors...

Moody's assigns A1 to TMFNL's EMTN drawdown due March 2025 (Japanese only) - Rating Action – 2022/03/17 – US$ 180.00 – (a)(b) Moody's Corporation MCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 500 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors...

Toyota Motor Corporation: Increase in battery electric vehicles will improve competitiveness - ESG - Environmental – 2022/03/01 – US$ 750.00 – ...+ Battery electric vehicle push is credit positive. Leading auto manufacturer Toyota Motor Corporation (A1 stable) plans to sell 3.5 million battery electric vehicles (BEVs) by 2030, a significant increase from 14,000 units today, and turn its luxury Lexus brand into an all-battery brand by 2035. It also plans for 100% of its unit sales in Western Europe to be zero-emission vehicles by 2035. These initiatives will expedite the reduction of Toyota's environmental risks and improve its competitiveness. If Toyota succeeds in its BEV strategy, it will become a significant BEV competitor as the world rapidly shifts toward such vehicles, which do not generate CO2. Still, by 2030, Toyota would continue to be more exposed to hybrid technologies, for which it has been a market leader. + New BEV sales target is significant and will bring Toyota closer to its competitors' targets. Few automakers make more than 3.5 million units in total today. However, given Toyota's very large scale, 3.5 million...

Moody's assigns A1 to TMFNL's EMTN drawdown due January 2024 and January 2025 (Japanese only) - Rating Action – 2022/01/26 – US$ 180.00 – (a)(b) Moody's Corporation MCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 500 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors...

Moody's assigns A1 to TMFNL's EMTN drawdown (Japanese only) - Rating Action – 2021/10/27 – US$ 180.00 – Moody's CorporationMCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 270 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors Service MCO ...

Moody's assigns A1 to TMFNL's EMTN drawdown (Japanese only) - Rating Action – 2021/09/30 – US$ 180.00 – Moody's CorporationMCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 270 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors Service MCO ...

Toyota Motor Corporation: Update to credit analysis - Credit Opinion – 2021/09/29 – US$ 250.00 – ...Toyota Motor Corporation's (Toyota) A1 issuer rating reflects its superior operational strength as demonstrated by its higher-than-peer EBITA margin even during the coronavirus pandemic. The A1 rating is the highest among global auto manufacturers, indicating Toyota's industry-leading market position with a wide geographic reach; strong brand recognition across a broad product line; and a well-established hybrid vehicle franchise, which will help it meet carbon emission requirements in various markets. The company has a strong, liquid balance sheet. The rating is constrained by the uncertain, evolving competitive landscape, including regulatory changes, investments needed for alternative fuel and autonomous driving technologies, and fierce competition. Toyota's credit profile will benefit if it establishes a track record of expanding its battery electric vehicle lineup profitably and ensures that it continues to meet tightening emission requirements globally....

Moody's assigns A1 to TMFNL's EMTN drawdown (Japanese only) - Rating Action – 2021/09/28 – US$ 180.00 – Moody's CorporationMCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 270 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors Service MCO ...

Moody's comments on upsize of TMFNL's debts (Japanese only) - Announcement – 2021/09/28 – US$ 180.00

Moody's assigns A1 to TMFNL's EMTN drawdown (Japanese only) - Rating Action – 2021/09/03 – US$ 180.00 – Moody's CorporationMCO Moody's Investors Service, Inc. CP Moody's Investors Service, Inc.1,000 270 Moody's Investors Service, Inc.MCO Moody's Investors Service Moody's Investors Service MCO Moody's Investors Service MCO ...