Fitch Ratings has affirmed Japan-based Toyota Motor Corporation's long-term foreign-and local-currency issuer default ratings (IDRs) and senior unsecured debt rating at 'A'.

The outlook is stable. Fitch has also affirmed the company's short-term foreign and local-currency IDRs at 'F1'.

Toyota's ratings reflect its leading global market position, wide product range across the premium and mass market segments, geographic diversity, economies of scale and leadership in hybrid vehicles.