Nissan Motor Co. is currently facing an increased risk of debt default, which is the highest it has been since March 2023. This is due to a decrease in profit outlook and the announcement of plans to lay off 9,000 employees.
The cost to insure the company's bonds against nonpayment has risen to 180 basis points, indicating concerns about its credit health. On Thursday, the cost increased by approximately 13 basis points to 178, making it the fourth highest credit-default swap (CDS) rate in Japan. This surpasses the CDS rates of Sharp Corp. from last month, according to data from CMA.