Moody's: Kawasaki view negative

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

The outlook change is because the company may take more time, beyond expectations, to restore its overall operating performance and balance sheet structure, given the slow recovery in market fundamentals for its major business segments, including its consumer products and machinery business, Moody's said.

Its operating performance also has been adversely affected by significant drops in the sales of motorcycles, especially in the United States, the agency said.

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