Moody's cuts Kawasaki Heavy view to stable

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

The change reflects Moody's view that the company's financial profile may not improve over the next 12 to 18 months to the extent necessary to upgrade to Baa1 rating category.

Moody's said it is concerned that its profitability, especially in the consumer products and shipbuilding segments, will likely face downward pressure due to a weak market and volatility in the prices of raw materials.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.