Toyota’s captive rating goes from stable to positive
Toyota’s captive rating was revised from a stable to a positive outlook and the financial strength rating of A- (excellent) and issuer credit rating of “a-” was affirmed.
Iowa-based Toyota Motor Insurance Company’s (TMIC) revised outlook suggests solid capitalisation and strong underwriting results.
However, TMIC’s outlook could be altered if its operating performance depreciates below expectation.
