Fitch cuts Toyota’s rating to A+

Tokyo : The biggest car manufacturer in Japan, Toyota Motor corporation, had it's credit ratings cut by Fitch ratings.Fitch downgraded toyota from AA to A+ making it down two notches.This year toyota is expecting a final loss of 550 billion yen ($5.7 billion) for their second business year in loss ending on march.While the Director at Fitch ratings, Jeong Min Pak said in a phone call that “It