S&P released a report stating that the merger between Honda and Nissan will not yield quick benefits, mainly because Auto Manufacturers need to first adjust their strategy, and the overlapping regional markets will limit sales revenue.

The report indicated that while the potential Trade would create an automobile company valued at 54 billion dollars, becoming the third largest automobile company in the Global market, any Bullish impact on its credit outlook will be delayed.

The bank added that the merger might negatively affect Honda's independent credit outlook, while it should have a positive effect on Nissan.