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This has brought stability and improved cash flow.
Moody's, which now rates Nissan's credit at Baa3, cited improved cash flow and more efficient operations.
He said that he prefers British Airways, which has "slashed investment, been hard on costs and started showing improved cash flow".
The Arcelor board will discuss the offer tomorrow, but is expected to reject it and reaffirm its opposition to a friendly merger, holding out for a significantly improved cash element before recommending it to shareholders.
The company pointed to a "significantly improved" cash performance in the six months to the end of September, but profits slipped by 2.2% to £21.9m as a good performance in the US was offset by difficult conditions in the UK.
Analysts said the quarterly profit figure fell far short of an expected $46 million, but noted that ABB had nearly eliminated losses in noncore units, had improved cash flow and had increased sales.
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The defending Premier League champions rejected Atletico's proposal, however, as well as an improved cash-plus-player offer.
Barbara Weltman suggests three tax strategies for improving cash flow.
The chief executive, Hendrik A. Verfaillie, said the changes in Latin America were "improving cash generation.
Here are some tips for improving cash flow in the months ahead.
It said banks had to step up risk controls and improve cash management.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com