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Nippon Electric Glass gets outlook changed

Moody“s Investors Service, Inc. said on 4 February that it has changed the outlook of the Baa1 senior unsecured long-term debt ratings of Nippon Electric Glass Co. to stable from positive.
“This out…

Moody“s Investors Service, Inc. said on 4 February that it has changed the outlook of the Baa1 senior unsecured long-term debt ratings of Nippon Electric Glass Co. to stable from positive. “This outlook change reflects Moody“s expectation that the weaker-than-expected demand for CRT (cathode ray tubes) glass bulbs and opto-electronics devices may not allow the company to meaningfully improve its operating performance in the near to medium term,” the US credit rating agency said.

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