American Suzuki Motor Corp.'s, which is the only distributor of Suzuki vehicles in the U.S., bankruptcy filing will reduce the value of Suzuki cars in the U.S. However, in a report released this morning, Moody's Investors Service said it is only marginally negative for the country's rental car ABS sector. This is because Suzuki cars comprise only a very small part of the rental car fleets, Moody's reported.
The auto firm filed for Chapter 11 bankruptcy protection on Nov. 5. It also stated that it will stop selling automobiles as part of a plan to restructure its business.