Credit Rating Report

Honda Motor Co., Ltd. & Honda Canada Finance Inc.: Rating Report

Autos & Auto Suppliers

Summary

On February 7, 2025, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating of Honda Motor Co., Ltd. (Honda or the Company) at A (high). Concurrently, Morningstar DBRS confirmed the Senior Unsecured Debentures and Commercial Paper credit ratings of Honda Canada Finance Inc. at A (high) and R-1 (middle), respectively. The trends on all credit ratings remain Stable.

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