Moody“s Investors Service Inc. said late January that it has changed the outlook of the A2 senior unsecured long-term debt rating of Asahi Glass Co. to ““stable“ from “positive.“
The outlook cha…
Moody“s Investors Service Inc. said late January that it has changed the outlook of the A2 senior unsecured long-term debt rating of Asahi Glass Co. to ““stable“ from “positive.“ The outlook change reflects expectations that the current distressed operation environment in the electronics and display, glass and chemical businesses will hamper Asahi Glass“ structural reform efforts in the near to medium term. The A2 rating continues to reflect Asahi Glass“ diversified revenue mix, its leading global market position and its strong technological capacity, Moody“s said.Moody“s Investors Service Inc. said late January that it has changed the outlook of the A2 senior unsecured long-term debt rating of Asahi Glass Co. to ““stable“ from “positive.“ The outlook change reflects expectations that the current distressed operation environment in the electronics and display, glass and chemical businesses will hamper Asahi Glass“ structural reform efforts in the near to medium term. The A2 rating continues to reflect Asahi Glass“ diversified revenue mix, its leading global market position and its strong technological capacity, Moody“s said.