Fitch Affirms Ratings of Seven APAC Auto Firms After Criteria Update

Fitch Ratings announced on February 13, 2026, that it has affirmed the ratings of seven major automotive manufacturers and suppliers in the Asia-Pacific region. The decision follows Fitch’s update to its Corporate Rating Criteria earlier in January. Importantly, the revisions did not alter any of the companies’ ratings or outlooks, signaling continued confidence in the sector’s financial resilience.

The affirmation covers leading automakers and suppliers, including Nissan Motor Co., Ltd., among others. Fitch emphasized that the updated criteria provide a more refined framework for assessing corporate credit risk but do not materially change the sector’s risk profile.

Key Highlights

• Criteria Update: Fitch revised its Corporate Rating Criteria and Sector Navigators Addendum on January 9, 2026.
• Ratings Affirmed: Seven APAC automotive manufacturers and suppliers retained their ratings.
• No Outlook Change: The updates did not affect Fitch’s outlook on the companies.
• Sector Confidence: Reflects stability in APAC automotive credit profiles despite global challenges.
• Issuer Example: Nissan Motor Co., Ltd. included in the affirmed list.

This move underscores Fitch’s confidence in the financial resilience of APAC automakers, even as the industry navigates regulatory pressures and evolving global demand.

Sources: Fitch Ratings Commentary, Tokyo/Seoul Release