22 October 1998: Moody“s Investors Service said recently that it had put Japan“s Asahi Glass Co. Ltd.“s long-term debt ratings under negative review for a possible downgrade.
Moody“s said it put …
22 October 1998: Moody“s Investors Service said recently that it had put Japan“s Asahi Glass Co. Ltd.“s long-term debt ratings under negative review for a possible downgrade. Moody“s said it put Asahi Glass“ and its subsidiary AGA Capital Inc“s A1 senior unsecured long-term debt ratings, and Asahi Glass“s (P)A1 Japanese shelf registration rating, under review for possible downgrade. The move reflected concern that Asahi“s earnings and debt protection measures would remain under pressure due to tough business conditions, especially in Japan and North America.