However, Nissan Global Reinsurance’s financial strength rating of A- (excellent) and its long-term issuer credit rating of “a-” (excellent) were affirmed by AM Best. The rating agency said the negative outlook reflected AM Best’s expectation that the Japanese carmaker parent company will “continue to experience negative pressure driven by global economic conditions and the recently enacted US tariff policy”. Nissan, like other Japanese carmakers, is dealing with the negative impact from tariffs imposed by US president Donald Trump. AM Best said the captive’s credit ratings reflected its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. NGRe remains an “integral component of the business plan and risk management framework of its parent”, AM Best added.