LONDON Moody 's on Feb. 21 downgraded the credit rating of Nissan to junk after the Japanese automaker and its rival Honda last week said they had scrapped plans to join forces. The merger talks apparently unravelled after Honda proposed to make Nissan a subsidiary instead of a plan announced in December to integrate under a new holding company. Nissan had announced thousands of job cuts last year after reporting a 93 percent plunge in first-half net profit, and now expects an annual loss of

Tag-uri: Honda