Moody's cuts Panasonic rating to just above junk
Sept 11, 2012 10:21:03 GMT -5
Post by popcorn on Sept 11, 2012 10:21:03 GMT -5
Moody's cuts Panasonic rating to just above junk 
LOS ANGELES (MarketWatch) -- Moody's Japan KK downgraded its credit rating for Panasonic Corp. JP:6752-1.66%PC+0.12% by two notches to just one level above speculative or "junk" grade, reports said Monday. The ratings agency cited concerns about earnings and high debt levels in moving Panasonic to Baa1 from A2 previously. The Baa1 mark, which carries a stable outlook, is the lowest rating the Japanese electronics producer has ever received from Moody's, according to the Nikkei business daily.
source:
www.marketwatch.com/story/moodys-cuts-panasonic-rating-to-just-above-junk-2012-09-10
LOS ANGELES (MarketWatch) -- Moody's Japan KK downgraded its credit rating for Panasonic Corp. JP:6752-1.66%PC+0.12% by two notches to just one level above speculative or "junk" grade, reports said Monday. The ratings agency cited concerns about earnings and high debt levels in moving Panasonic to Baa1 from A2 previously. The Baa1 mark, which carries a stable outlook, is the lowest rating the Japanese electronics producer has ever received from Moody's, according to the Nikkei business daily.
source:
www.marketwatch.com/story/moodys-cuts-panasonic-rating-to-just-above-junk-2012-09-10