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Moody's downgrades American Honda Finance

Moody's downgraded its senior unsecured debt rating for American Honda Finance Corp. to A2 from A1.

The outlook is stable.

The action was part of the rating agency's downgrade of Honda Motor Co. Ltd., whose profitability Moody's believes will likely remain at levels similar to or lower than those of its global peers. That position is not in line with an A1 rating, said Moody's Vice President Motoki Yanase.