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11 June 2012
Iowa
Reporter Georgina Lavers

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.

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