Moody's: Kawasaki Heavy view positive

Moody's Investors Service said it changed the outlook of the Baa2 senior unsecured long-term rating of Kawasaki Heavy Industries, Ltd. to positive from stable.

The change reflects steadily improving operating performance and capital structure, despite a challenging operating environment, according to the agency.

Moody's said the company's financial position has improved and that it has become more competitive in its core business areas, which could expand sales and boost profitability.

Challenging factors are developing in the company's operating environment, however, including a slowdown in the U.S. economy, yen appreciation and a hike in the cost of raw materials, the agency noted.

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