Moody's changes Bridgestone view to positive

Moody's Investors Service said it affirmed Bridgestone Corp.'s A2 issuer rating and changed the outlook to positive from stable.

At the same time, Moody's affirmed the backed Prime-1 rating on the U.S. commercial paper program issued by Bridgestone's wholly owned subsidiary, Bridgestone Americas, Inc.

“The affirmation of the A2 rating and the outlook change to positive are driven by Bridgestone's ongoing improvement in the competitiveness of its business portfolio, with a sharpened focus on its premium tire products, backed by its technological and brand leadership,” said Ryohei Nishio, a Moody's assistant vice president and analyst, in a news release.

“Bridgestone's increasingly solid business profile will further improve visibility over its future revenue growth while supporting its pricing power over the next few years.”

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